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The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10013074913
redistribution through progressivity of the tax system is rather limited. By contrast, for parameter values observed in Chile, and …This paper quantifies the direct impact of taxes on income distribution at the household level in Chile and estimates …
Persistent link: https://www.econbiz.de/10013244888
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10013134300
Should the income tax include a credit for short taxpayers and a surcharge for tall ones? The standard Utilitarian framework for tax analysis answers this question in the affirmative. Moreover, a plausible parameterization using data on height and wages implies a substantial height tax: a tall...
Persistent link: https://www.econbiz.de/10013134658
Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve...
Persistent link: https://www.econbiz.de/10013135054
This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...
Persistent link: https://www.econbiz.de/10013139136
efficiency losses without achieving any net redistribution of income …
Persistent link: https://www.econbiz.de/10013139299
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …
Persistent link: https://www.econbiz.de/10013113154
less than their husbands. As a result, much of the redistribution at the individual level was effectively from high earning … high income households. Both factors mitigate redistribution at the household level. This paper compares outcomes for the … fosters somewhat more redistribution from high to low earning households. The analysis is based on data from the Health and …
Persistent link: https://www.econbiz.de/10013120197
so, they are effectively accepting a certain amount of politician (presidential) rents in return for redistribution. We … influence or bribe politicians, and when inequality and potential taxes are high (which makes redistribution more valuable to …
Persistent link: https://www.econbiz.de/10013121590