Okun's Bucket: A Leak and Two Splashes?

In Okun's (1975) extended essay “Equality and Efficiency — The Big Trade‐Off”, reference is made to the leaky bucket experiment in the context of tax and transfer programmes. Money is carried from the rich to the poor in a bucket which leaks. This idea gives eloquent expression to the concept of efficiency loss in the use of the fiscal system to reduce inequality.

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Year of publication:	1988
Authors:	Lambert, Peter J.
Published in:	Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 15.1988, 1, p. 71-78
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb002666 [DOI]
Source:	Other ZBW resources

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