Showing 1 - 10 of 153
income tax is found to be largely progressive, with the top quintile paying more than four-fifths of this tax. Uruguay …
Persistent link: https://www.econbiz.de/10012434634
Colombia has reduced extreme poverty in the past 16 years by almost half, moderate poverty by 22 percentage points, and made more than four million Colombians jump the threshold of multidimensional poverty. However, it remains one of the most unequal countries in the region, after Brazil and...
Persistent link: https://www.econbiz.de/10012230740
Turkey's achievements against peer countries. The results show that fiscal policy significantly reduces income inequality in … countervail the inequality-increasing impact of indirect taxes. At the bottom of the income distribution, targeted transfers are … insufficient to compensate for the effect of taxes, resulting in net increases in poverty. In the context of upper-middle-income …
Persistent link: https://www.econbiz.de/10012257124
The expansionary fiscal contraction (EFC) hypothesis states that fiscal austerity can increase output or consumption when a country is under heavy debt burdens because it sends positive signal about the country's solvency situation and long-term economic wellbeing. Empirical tests of this...
Persistent link: https://www.econbiz.de/10012297616
This study assesses the redistributive effects of fiscal policy in Mali and Niger. Fiscal policy is poverty increasing in Mali (by 2.4 percentage points) and Niger (2.5 percentage points). This is a result of primarily two factors: indirect taxes (value-added taxes and import duties) and direct...
Persistent link: https://www.econbiz.de/10012051946
This paper analyzes whether fiscal policy in South Asia amplifies or smooths business cycle fluctuations. The paper estimates several econometric models to explore the cyclicality of government spending and tax buoyancy. The findings show that fiscal policy is procyclical in most countries. In...
Persistent link: https://www.econbiz.de/10012008294
This paper studies whether budget rigidities affect the probability of countries getting into fiscal distress and reduce the likelihood of governments performing fiscal adjustments. Budget rigidities are constraints that limit the ability of the government to change the size and structure of the...
Persistent link: https://www.econbiz.de/10012113828
Policy toward fiscal rules is an important issue in the countries of the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia). According to a rough estimate, the countries with rules (all but North Macedonia) have complied with their debt and...
Persistent link: https://www.econbiz.de/10012114089
Persistent link: https://www.econbiz.de/10003351517
"This paper proposes that individuals care about the relative income of proximate reference groups. Making use of self …-reported life satisfaction as a proxy for unobservable utility, the relative income of siblings is tested for relevance as a … reference point for new sample data from Venezuela. Having greater perceived income than one's siblings is found to be …
Persistent link: https://www.econbiz.de/10003820939