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Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth …
Persistent link: https://www.econbiz.de/10012657880
incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent … and on the inequality of income across individuals. Using panel data, we find that Canada's tax system limits … income equalizing effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that …
Persistent link: https://www.econbiz.de/10009308021
also who moves up and down the income ladder over time. While income inequality has increased in most OECD countries, in … progressive taxation has also reduced the top 1 per cent’s share of disposable income. This paper finds that income inequality … to greater income inequality but also higher upward income mobility. Indeed, the analysis in the paper shows upward …
Persistent link: https://www.econbiz.de/10012202850
support for redistribution. In line with the self-serving bias, those with negative mobility experiences 'blame the system …' and extrapolate from their experience onto society, which increases their demand for redistribution. Conversely, those who … support for redistribution. This suggests a potential demand-side explanation for the Great Gatsby Curve: As overall absolute …
Persistent link: https://www.econbiz.de/10014288922
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
This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...
Persistent link: https://www.econbiz.de/10014023506
Persistent link: https://www.econbiz.de/10012508748
This paper aims to advance understanding about the relationship between taxation and inequality in developing countries … taxes promoted the progressivity of the tax system and contributed to the reduction of inequality. Yet, the effectiveness of …
Persistent link: https://www.econbiz.de/10011532297
fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups have the opposite effect. All these results hold even if a poor group is in majority. Using … increases and between group inequality decreases redistribution. …
Persistent link: https://www.econbiz.de/10011508116
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …
Persistent link: https://www.econbiz.de/10012419216