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Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed … in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when …. Redistributive labor income taxation has a negative impact on short- and long-run growth and inequality while capital taxation …
Persistent link: https://www.econbiz.de/10009774711
Persistent link: https://www.econbiz.de/10013388126
for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed …
Persistent link: https://www.econbiz.de/10005124288
macroeconomic imbalances, high inflation, low growth, as well as low-quality public policies. When redistributive efforts are short … that reduce growth and thwart poverty reduction efforts. The argument of this paper is that there are various possible …
Persistent link: https://www.econbiz.de/10014546295
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies …
Persistent link: https://www.econbiz.de/10014127229
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
A feature of Kaleckian models of distribution and growth that is often overlooked is that they describe a nonlinear … relation between functional income distribution and demand and growth, because the size of the multiplier is affected by …
Persistent link: https://www.econbiz.de/10011938664