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biased estimates of inequality of opportunity. These shortcomings may be particularly pronounced for emerging economies in … extent of upward and downward bias in inequality of opportunity estimates for a set of twelve emerging economies. Our … findings suggest strongly downward biased estimates of inequality of opportunity in these countries. To the contrary, there is …
Persistent link: https://www.econbiz.de/10013213351
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10013105006
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10013067052
can be concluded that both taxes and transfers reduce inequality of opportunities, with social benefits typically playing … the key role. Furthermore, the equalizing impacts of the tax benefit system on inequality of opportunity differ … substantially from the ones observed when referring to the traditional notion of inequality of outcomes …
Persistent link: https://www.econbiz.de/10013134930
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to …
Persistent link: https://www.econbiz.de/10013121331
Recent discussions about rising inequality in industrialized countries have triggered calls for more government … redistributional policies are indeed able to combat inequality. This paper contributes to this relevant research question by using … different contextual country-level data sources to study inequality trends in OECD countries since the 1980s. We first …
Persistent link: https://www.econbiz.de/10013107196
We analyze to which extent social inequality aversion differs across nations when controlling for actual country … margins for 17 EU countries and the US. Using the same data, inequality aversion is measured as the degree of redistribution … supply elasticities across countries. However, this changes the cross-country ranking in inequality aversion compared to …
Persistent link: https://www.econbiz.de/10013086204
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to … tax policy effect aggravated income inequality by increasing the income share of the top 20% in contrast to the middle … class' share. The tax policy effect accounts for up to 29% of the total change in inequality; its contribution increases up …
Persistent link: https://www.econbiz.de/10013087396
Liberal British or the Southern Greek financing system increases inequality and poverty, as well as labour supply incentives …. The introduction of the Social-democratic Danish financing system decreases inequality of incomes, but does not …
Persistent link: https://www.econbiz.de/10013160308
How do different components of the tax and transfer systems affect disposable income inequality? This paper explores … the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality … analysis based on the standard approach suggests that benefits are the most important factor reducing inequality in the …
Persistent link: https://www.econbiz.de/10013154996