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Optimal progressivity of personal income tax : a general equilibrium evaluation for Spain

Serrano-Puente, Darío - In: SERIEs : Journal of the Spanish Economic Association 11 (2020) 4, pp. 407-455

Is the Spanish economy positioned at its optimal progressivity level in personal income tax? This article quantifies the aggregate, distributional, and welfare consequences of moving toward such an optimal level. A heterogeneous households general equilibrium model featuring both life cycle and...

Persistent link: https://www.econbiz.de/10012389033

Some macroeconomic consequences of basic income and employment subsidies

Moutos, Thomas; Scarth, William M. - 2003

income redistribution and employment creation. In particular, the introduction of both a guaranteed annual income (basic …

Persistent link: https://www.econbiz.de/10011507707

Redistribution and Risk Sharing in Italy : Learning from the Past

Petraglia, Carmelo - 2017

This paper investigates the role of public policies in Italy by assessing both the redistribution and risk sharing … dynamics of regional convergence. Moving from 1951–65 to 1983–92, interregional redistribution increases from 10%–18% to 19 …

Persistent link: https://www.econbiz.de/10012969798

Optimal Taxation and the Tradeoff Between Efficiency and Redistribution

Economides, George - 2019

This paper studies the aggregate and distributional implications of introducing consumption taxes into an otherwise deterministic version of the standard neoclassical growth model with income taxes only and heterogeneity across agents. In particular, the economic agents differ among each other...

Persistent link: https://www.econbiz.de/10012871622

Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital

Franks, Max - 2020

We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...

Persistent link: https://www.econbiz.de/10012841621

Optimal redistributive wealth taxation when wealth is more than just capital

Franks, Max; Edenhofer, Ottmar - 2020

Persistent link: https://www.econbiz.de/10012162503

Some Macroeconomic Consequences of Basic Income and Employment Subsidies

Moutos, Thomas; Scarth, William M. - 2021

income redistribution and employment creation. In particular, the introduction of both a guaranteed annual income (basic …

Persistent link: https://www.econbiz.de/10013319990

The political economy of redistribution and (in) efficiency in Latin America and The Caribbean

Altube, Matias Guizzo; Scartascini, Carlos G.; Tommasi, … - 2023

“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …

Persistent link: https://www.econbiz.de/10014546295

Fiscal management of aggregate demand : the effectiveness of labor tax credits

Ferrière, Axelle; Navarro, Gaston - 2024

We use a quantitative heterogeneous agent model with nominal rigidities and unemployment risk to analyze the effectiveness of several fiscal policies in stabilizing a demand-driven recession. The model delivers empirically realistic distributions of marginal propensities to consume (mpc) and...

Persistent link: https://www.econbiz.de/10015084354

Redistribución, Desigualdad Y Crecimiento (Redistribution, Inequality, and Growth)

Ostry, Jonathan David; Berg, Andrew; Tsangarides, … - 2014

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