Showing 1 - 10 of 7,595
low, the equilibrium policy is characterized by some amount of general income redistribution and some targeted transfers … interest groups and against general redistribution. As diversity increases further, however, only general redistribution …
Persistent link: https://www.econbiz.de/10013247424
This paper seeks to clarify the extent to which the rule for providing public goods ought to correct for the distortionary cost of raising funds. We argue that, in evaluating public projects, the marginal cost of funds (MCF) concept must be supplemented by a symmetrical concept, which we label...
Persistent link: https://www.econbiz.de/10013226549
This paper examines the hypothesis that the persistence of low spatial and marital mobility in rural India, despite increased growth rates and rising inequality in recent years, is due to the existence of sub-caste networks that provide mutual insurance to their members. Unique panel data...
Persistent link: https://www.econbiz.de/10012750889
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where …
Persistent link: https://www.econbiz.de/10012753423
findings are federal income distribution, little local redistribution, and local preference for property taxation over income … tax for redistribution, and the latter choosing a local income tax, property tax, lump-sum tax or subsidy, and a local … taxation to fund local public goods …
Persistent link: https://www.econbiz.de/10012910304
Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of a progressive tax system? We answer these question within a standard incomplete markets model with frictional labor markets and Ricardian trade. Consistent with empirical...
Persistent link: https://www.econbiz.de/10012915221
the concurrent decline in welfare-state redistribution. This paper develops a model, which can provide an explanation for …-economy balance and the redistributive policies. The paper highlights the differences in the political-economy induced redistribution …
Persistent link: https://www.econbiz.de/10012949408
class of utility functions, all redistribution should be carried out through labor income taxation, rather than differential …An influential result in modern optimal tax theory, the Atkinson and Stiglitz (1976) theorem, holds that for a broad … redistribution in this setting. In fact, the optimal commodity taxes essentially follow the classic “many person Ramsey rule …
Persistent link: https://www.econbiz.de/10012929548
redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax … experiment is conducted to test the main comparative static predictions of the theory, and the results are generally supportive …
Persistent link: https://www.econbiz.de/10012980675
Because electricity is a higher fraction of spending for those with low income, carbon taxes are believed to be regressive. Many argue, however, that their revenues can be used to offset the regressivity. We assess these claims by employing data on 322,000 families in the U.S. Treasury's...
Persistent link: https://www.econbiz.de/10012960699