Aizenman, Joshua; Jinjarak, Yothin - National Bureau of Economic Research (NBER) - 2012
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax … margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base …