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redistribution and growth that remains significant when the level of inequality is held constant. No evidence is found for a … redistribution limits the financial incentives to gain wealth, leading to lower output growth. Yet, the found association is small …, and a causal interpretation of the negative association between redistribution and growth does not seem to be warranted …
Persistent link: https://www.econbiz.de/10013108979
taxation. Furthermore, from a Keynesian macroeconomic perspective redistribution may even be systematically conducive to growth … and employment. At the same time a change towards such a policy of redistribution may for some economies, particularly the … erhebliche Spielräume für steuerpolitische Umverteilung gibt. Zudem kann Umverteilung aus einer keynesianischen makroökonomischen …
Persistent link: https://www.econbiz.de/10010519198
addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …
Persistent link: https://www.econbiz.de/10011309192
correlated with faster and more durable growth, for a given level of redistribution. 3. Redistribution appears generally benign … on growth. Thus the combined direct and indirect effects of redistribution – including the growth effects of the … between redistribution and growth. The best available macroeconomic data do not support that conclusion …
Persistent link: https://www.econbiz.de/10014144640
Social disparities have a common and consistent character in the vast majority of contemporary countries. The level of income inequality in OECD countries has grown in the past 30 years and is still rising. Taxes and tax systems, aside from social transfers, are fiscal instruments widely used in...
Persistent link: https://www.econbiz.de/10011616747
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
There is confusion in the literature concerning the relationship between income inequality and redistribution in a … same characteristic. This is shown by addressing information about redistribution in an international context from a number … countries, we show that the answer to the question "does more income inequality generate more redistribution"? depends on how …
Persistent link: https://www.econbiz.de/10008669328
This paper provides an empirical investigation on the drivers of tax and transfer income redistribution to working …. The analytical approach is based on a reduced-form model of income redistribution which is estimated through cross …-country-time series regressions. The baseline model builds on the political economy literature of income redistribution and includes a set …
Persistent link: https://www.econbiz.de/10011914266
This paper analyzes the relationship between economic growth, inequality and redistribution. In a cross-country setting … the short run. To estimate the impact of redistribution to low-income earners, we introduce a new measure, the so …-called net benefit share (NBS). Contrary to other findings, we show that this (targeted) redistribution to lowincome earners (Q1 …
Persistent link: https://www.econbiz.de/10014552531