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Persistent link: https://www.econbiz.de/10010486618
mechanisms moderated the effects of income inequality and suppressed public discontent with increasing income inequality, thereby … lessening the political urgency of redistribution …
Persistent link: https://www.econbiz.de/10012940382
alleviation and redistribution. Even recent efforts to model increasing returns within the framework of new growth theories have … used to demonstrate causation between liberalization, growth, poverty alleviation and redistribution. Using Malaysia as an … example, this paper argues that growth, poverty alleviation and redistribution was achieved in the country through …
Persistent link: https://www.econbiz.de/10014173140
On January 1, the maximum amount of annual earnings subject to the Social Security tax – a.k.a. the payroll tax cap – increased to $113,700. Every year, this cap is adjusted to keep up with inflation. Many Americans are not aware that income above the cap is not taxed by Social Security. In...
Persistent link: https://www.econbiz.de/10010604616
There is currently $2.7 trillion in the Social Security Trust Fund, held in Treasury bonds. Since the program is currently taking in more revenues (taxes on payroll and benefits as well as interest on the bonds) than it is paying out, the Trust Fund will continue to grow to about $2.9 trillion....
Persistent link: https://www.econbiz.de/10010775079
Acknowledging that the agricultural sector can play an important role as an engine of pro-poor growth in Sub-Saharan Africa, the purpose of this paper is to identify the factors that influence the 'political will' of governments to support this sector. The concept of 'political resources' from...
Persistent link: https://www.econbiz.de/10010295991
This paper presents a general equilibrium endogenous growth model in which public spending is divided between public productive services and public consumption. A distinguishing feature of the model is the assumption that both components of public spending can be over used and, thus, congested...
Persistent link: https://www.econbiz.de/10011324882
, income redistribution and resource allocation. Long-term growth was not usually viewed as an end itself, and fiscal policy …
Persistent link: https://www.econbiz.de/10010326589
Fiscal positions of African countries have improved significantly during the past decade. Higher economic growth, better terms of trade, improved donor support notably through debt relief and better control of expenditure contributed to this improvement. But at the same time government revenue...
Persistent link: https://www.econbiz.de/10010327775
We examine fiscal adjustment episodes in 24 OECD countries in order to find how austerity affects debt and growth, and whether the choice of fiscal instrument matters for the results. Inuential existing studies argue that spending cuts are more likely to successfully reduce debt and enhance...
Persistent link: https://www.econbiz.de/10010330211