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depends on the distribution of population characteristics. A policy of workfare (unpaid public sector work) is inefficient …
Persistent link: https://www.econbiz.de/10014117189
The basic economic model of labor supply has a very clear prediction of what we should expect when an adult receives an unexpected cash windfall: they should work less and earn less. This intuition underlies concerns that many types of cash transfers, ranging from government benefits to migrant...
Persistent link: https://www.econbiz.de/10011975818
We study the optimal design of means-tested transfers and progressive income taxes. In a simple analytical model, we demonstrate an optimally negative relation between transfers and income-tax progressivity due to efficiency and redistribution concerns. In a rich dynamic model, we quantify the...
Persistent link: https://www.econbiz.de/10014077963
Recent estimates of the marginal cost of public funds differ substantially. Some studies argue that the efficiency cost of taxation counter the welfare gain connected to redistribution of income. Hence, the efficiency cost of taxation should not be included as a cost of public goods provision....
Persistent link: https://www.econbiz.de/10012999769
This paper presents evidence of the ability of poor households in Colombia to insure consumption against idiosyncratic and covariate risks. Using longitudinal data from Familias en Acción (FA), a conditional cash transfer program (CCT) in Colombia, we test the predictions of the Pareto full...
Persistent link: https://www.econbiz.de/10013055119
Applied welfare analyses of redistributive systems nowadays benefit from powerful tax benefit microsimulation programs combined with administrative data. Arguably, most of the distributional studies of that kind focus on social welfare defined as a function - typically inequality or poverty...
Persistent link: https://www.econbiz.de/10011751671
Recent estimates of the marginal cost of public funds differ substantially. Some studies argue that the efficiency cost of taxation counter the welfare gain connected to redistribution of income. Hence, the efficiency cost of taxation should not be included as a cost of public goods provision....
Persistent link: https://www.econbiz.de/10011411484
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
In this paper we want to provide an utopian attempt to tackle inequality and to tackle, most specifically, what we consider the cultural and ethical origin of inequality: paid work. We believe that a globalised world, structured around the asymmetry between an increasingly small number of...
Persistent link: https://www.econbiz.de/10012439110
The Swedish universal welfare model relies on a high tax level to finance a variety of transfers to the workingage population both in the form of income replacements and income supplements and as services for health-, child- and elderly care. The available evidence, reviewed in this Working...
Persistent link: https://www.econbiz.de/10012446880