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Recently van De Van, Creedy and Lambert (2001) and Urban and Lambert (2008) have reconsidered the original Aronson, Johnson and Lambert (1994) decomposition of the redistributive effect in order to identify the optimal bandwidth that should be used in decomposing the redistributive effect, when...
Persistent link: https://www.econbiz.de/10013076173
Within a simple setup, we show that fair redistribution of performance-based allocations implies proportional taxation …. Fair redistribution is characterized by three properties: efficiency, i.e., redistribution has no cost. Anonymity, i ….e., rewards after redistribution do not depend on the identity of the members of the society but only on their performance. Weak …
Persistent link: https://www.econbiz.de/10013056717
(the child money program and the mortgage subsidy) do little redistribution -- the latter is actually regressive -- but …
Persistent link: https://www.econbiz.de/10012897558
We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...
Persistent link: https://www.econbiz.de/10013059059
We propose and estimate, using Bayesian techniques, a Dynamic Stochastic General Equilibrium model featuring search and matching frictions with redistributive productivity shocks – which account for fluctuations in the distribution of income across factors of production. We first find...
Persistent link: https://www.econbiz.de/10013060586
This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of their relative labor and skill intensity. The...
Persistent link: https://www.econbiz.de/10012927466
Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once we account for informal consumption. Using household expenditure surveys in 32 countries we proxy for informal consumption using the type of store where...
Persistent link: https://www.econbiz.de/10014240739
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