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This paper explores the nexus between the phenomenon of increasing income inequality and redistributive effects of the public sector. In an empirical analysis of seven OECD countries the redistributive effect will be examined by measuring the difference between inequality of market incomes and...
Persistent link: https://www.econbiz.de/10010210535
Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...
Persistent link: https://www.econbiz.de/10012174286
There currently exist two competing approaches in the literature on the optimal provision of public goods. The standard approach highlights the importance of distortionary taxation and distributional concerns. The new approach neutralizes distributional concerns by adjusting the non-linear...
Persistent link: https://www.econbiz.de/10003762497
This paper deals with the consequences of the assumption of negatively interdependent preferences for the shape of the optimal nonlinear income tax and the effcient level of public good provision in a setting where the policy maker maximizes an inequality averse social welfare function and the...
Persistent link: https://www.econbiz.de/10003823276
redistribution. We conduct an online survey experiment in which the treatment group is informed of the universal benefits from public … politically achieve redistribution through expanding the government size without reducing policy progressivity. Our results also …
Persistent link: https://www.econbiz.de/10013215929
This paper deals with the consequences of the assumption of negatively interdependent preferences for the shape of the optimal nonlinera income tax and the efficient level of public good provision in a setting where the policy maker maximizes an inequality averse social welfare function and the...
Persistent link: https://www.econbiz.de/10012719410
This paper considers the redistribution implied by different tax-benefit systems by using the 'veil of ignorance …' approach. Redistribution from rich to poor is interpreted as an insurance from a (hypothetical) ex ante situation in which … individuals lack any knowledge about their future income situation. Taking redistribution and insurance as synonymous, the paper …
Persistent link: https://www.econbiz.de/10014175493
Target is a real time gross settlement (RTGS) large value payment network operated by European central banks that eliminates systemic risk. Euro1 is a privately operated delayed net settlement (DNS) network that reduces substantially systemic risk but does not eliminate it. This difference makes...
Persistent link: https://www.econbiz.de/10011604552
There currently exist two competing approaches in the literature on the optimal provision of public goods. The standard approach highlights the importance of distortionary taxation and distributional concerns. The new approach neutralizes distributional concerns by adjusting the non-linear...
Persistent link: https://www.econbiz.de/10010320987
This paper deals with the consequences of the assumption of negatively interdependent preferences for the shape of the optimal nonlinear income tax and the effcient level of public good provision in a setting where the policy maker maximizes an inequality averse social welfare function and the...
Persistent link: https://www.econbiz.de/10010321405