Income Inequality And Redistributive Government Spending

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Income Inequality and Redistributive Government Spending

International Monetary Fund
Income Inequality and Redistributive Government Spending Book PDF

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 27 pages
File Size : 49,9 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 9781451843149

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Income Inequality and Redistributive Government Spending by International Monetary Fund Pdf

The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in unequal societies due to median voter preferences. Alternatively, it can be argued that unequal societies may spend less on redistribution because of capital market imperfections. Based on different data sources, the cross-country evidence reported in this paper suggests that more unequal societies do spend less on redistribution.

Income Inequality and Redistributive Government Spending

Luiz R. de Mello
Income Inequality and Redistributive Government Spending Book PDF

Author : Luiz R. de Mello
Publisher : Unknown
Page : 26 pages
File Size : 42,8 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291216822

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Income Inequality and Redistributive Government Spending by Luiz R. de Mello Pdf

The paper examines empirically the question of whether more unequal societies spend more on income redistribution than their more egalitarian counterparts. Theoretical arguments on this issue are inconclusive. The political economy literature suggests that redistributive spending is higher in unequal societies due to median voter preferences. Alternatively, it can be argued that unequal societies may spend less on redistribution because of capital market imperfections. Based on different data sources, the cross-country evidence reported in this paper suggests that more unequal societies do spend less on redistribution.

Income Inequality, Fiscal Decentralization and Transfer Dependency

Caroline-Antonia Goerl,Mr.Mike Seiferling
Income Inequality Fiscal Decentralization and Transfer Dependency Book PDF

Author : Caroline-Antonia Goerl,Mr.Mike Seiferling
Publisher : International Monetary Fund
Page : 26 pages
File Size : 51,8 Mb
Release : 2014-04-16
Category : Business & Economics
ISBN : 9781484354926

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Income Inequality, Fiscal Decentralization and Transfer Dependency by Caroline-Antonia Goerl,Mr.Mike Seiferling Pdf

Within the context of reigniting post crisis macroeconomic growth, income inequality has emerged as a topic of significant interest for both academics and policymakers (Bastagli, Coady, and Gupta, 2012) This study builds on past literature on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of government. Using the IMF’s multi-sector Government Finance Statistics Yearbook database, this paper tests the impact of decentralized redistribution on income inequality for a globally representative sample of countries since 1980. The findings suggest that the decentralization of government expenditure can help achieve a more equal distribution of income. However, several conditions need to be fulfilled: i) the government sector needs to be sufficiently large, ii) decentralization should be comprehensive, including redistributive government spending, and, iii) decentralization on the expenditure side should be accompanied by adequate decentralization on the revenue side, such that subnational governments rely primarily on their own revenue sources as opposed to intergovernmental transfers.

Inequality and the Fading of Redistributive Politics

Keith Banting,John Myles
Inequality and the Fading of Redistributive Politics Book PDF

Author : Keith Banting,John Myles
Publisher : UBC Press
Page : 482 pages
File Size : 47,5 Mb
Release : 2013-09
Category : Political Science
ISBN : 9780774826013

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Inequality and the Fading of Redistributive Politics by Keith Banting,John Myles Pdf

The redistributive state is fading in Canada. Government programs are no longer offsetting the growth in inequality generated by the market. In this book, leading political scientists, sociologists, and economists point to the failure of public policy to contain surging income inequality. A complex mix of forces has reshaped the politics of social policy, including global economic pressures, ideological change, shifts in the influence of business and labour, changes in the party system, and the decline of equality-seeking civil society organizations. This volume demonstrates that action and inaction policy change and policy drift are at the heart of growing inequality in Canada.

Increased Income Inequality in OECD Countries and the Redistributive Impact of the Government Budget

Anthony Barnes Atkinson
Increased Income Inequality in OECD Countries and the Redistributive Impact of the Government Budget Book PDF

Author : Anthony Barnes Atkinson
Publisher : Unknown
Page : 56 pages
File Size : 44,8 Mb
Release : 2000
Category : Budget
ISBN : STANFORD:36105112847590

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Increased Income Inequality in OECD Countries and the Redistributive Impact of the Government Budget by Anthony Barnes Atkinson Pdf

Examines the redistributive impact of the government budget in selected OECD countries from 1980 to the mid-1990s.

The Distributional Effects of Government Spending Shocks in Developing Economies

Davide Furceri,Jun Ge,Mr.Prakash Loungani,Mr.Giovanni Melina
The Distributional Effects of Government Spending Shocks in Developing Economies Book PDF

Author : Davide Furceri,Jun Ge,Mr.Prakash Loungani,Mr.Giovanni Melina
Publisher : International Monetary Fund
Page : 39 pages
File Size : 50,8 Mb
Release : 2018-03-14
Category : Business & Economics
ISBN : 9781484345412

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The Distributional Effects of Government Spending Shocks in Developing Economies by Davide Furceri,Jun Ge,Mr.Prakash Loungani,Mr.Giovanni Melina Pdf

We construct unanticipated government spending shocks for 103 developing countries from 1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal consolidations lead to a long-lasting increase in income inequality, while fiscal expansions lower inequality. The results are robust to several measures of income distribution and size of the fiscal shocks, to an alternative identification strategy, across expansions and recessions and across country groups (low-income countries versus emerging markets). An additional contribution of the paper is the computation of the medium-term inequality multiplier. This is on average about 1 in our sample, meaning that a cumulative decrease in government spending of 1 percent of GDP over 5 years is associated with a cumulative increase in the Gini coefficient over the same period of about 1 percentage point. The multiplier is larger for total government expenditure than for public investment and consumption (with the former having larger effect), likely due to the redistributive role of transfers. Finally, we find that (unanticipated) fiscal consolidations lead to an increase in poverty.

The Distributional Effects of Government Spending and Taxation

D. Papadimitriou
The Distributional Effects of Government Spending and Taxation Book PDF

Author : D. Papadimitriou
Publisher : Springer
Page : 310 pages
File Size : 41,7 Mb
Release : 2006-05-26
Category : Political Science
ISBN : 9780230378605

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The Distributional Effects of Government Spending and Taxation by D. Papadimitriou Pdf

This book focuses on the distributional consequences of the public sector and examines and documents, theoretically and empirically, the effects of government spending and taxation on personal distribution, and includes chapters investigating the relationship between the public sector and functional distribution of national income.

Growing (Un)equal

Mr.Serhan Cevik,Carolina Correa-Caro
Growing Un equal Book PDF

Author : Mr.Serhan Cevik,Carolina Correa-Caro
Publisher : International Monetary Fund
Page : 26 pages
File Size : 40,7 Mb
Release : 2015-03-25
Category : Business & Economics
ISBN : 9781475519976

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Growing (Un)equal by Mr.Serhan Cevik,Carolina Correa-Caro Pdf

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy. Using instrumental variable techniques to deal with potential endogeneity, we find evidence supporting the hypothesis of the existence of a Kuznets curve—an inverted Ushaped relationship between income inequality and economic development—in China and the panel of BRIC+ countries. In the case of China, the empirical results indicate that government spending and taxation have opposing effects on income inequality. While government spending appears to have a worsening impact, taxation improves income distribution. Even though the redistributive effect of fiscal policy in China appears to be stronger than what we identify in the BRIC+ panel, it is not large enough to compensate for the adverse impact of other influential factors.

Income Inequality and Fiscal Policy (2nd Edition)

Ms. Francesca Bastagli,David Coady,Mr. Sanjeev Gupta
Income Inequality and Fiscal Policy 2nd Edition Book PDF

Author : Ms. Francesca Bastagli,David Coady,Mr. Sanjeev Gupta
Publisher : International Monetary Fund
Page : 37 pages
File Size : 46,9 Mb
Release : 2012-10-09
Category : Business & Economics
ISBN : 9781475512045

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Income Inequality and Fiscal Policy (2nd Edition) by Ms. Francesca Bastagli,David Coady,Mr. Sanjeev Gupta Pdf

This note will describe recent trends in income inequality in both advanced and developing economies and how tax and expenditure policies have impacted on these trends. It will discuss how tax and expenditure policies should be designed to bring about a more equitable distribution of income, as well as to protect the most vulnerable populations during periods of fiscal consolidation.

Who Gets What from Government

Benjamin I. Page
Who Gets What from Government Book PDF

Author : Benjamin I. Page
Publisher : Univ of California Press
Page : 280 pages
File Size : 51,5 Mb
Release : 2022-02-25
Category : Business & Economics
ISBN : 9780520315488

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Who Gets What from Government by Benjamin I. Page Pdf

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1983.

Taking Down the Wall: Transition and Inequality

Mr.Serhan Cevik,Carolina Correa-Caro
Taking Down the Wall Transition and Inequality Book PDF

Author : Mr.Serhan Cevik,Carolina Correa-Caro
Publisher : International Monetary Fund
Page : 20 pages
File Size : 43,5 Mb
Release : 2020-02-14
Category : Business & Economics
ISBN : 9781513527871

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Taking Down the Wall: Transition and Inequality by Mr.Serhan Cevik,Carolina Correa-Caro Pdf

This paper investigates the main determinants of income inequality in transition countries during the period 1990–2018. To this end, we address a major methodological challenge that lies at the core of the cross-country literature on income inequality: the potential endogeneity of income growth, which is largely ignored by most empirical studies. We adopt a two-pronged empirical strategy by (i) using trading partners’ weighted average real GDP as an instrumental variable (IV), and (ii) estimating the model via the two-stage least squares (2SLS) approach for static models and the Generalized Method of Moments (GMM) estimator for dynamic models. Our empirical findings are consistent with the Kuznets curve that illustrates a nonlinear relationship between income inequality and the level of economic development. We also find that the redistributive impact of fiscal policy is statistically insignificant and taxation and government spending appear to have the opposing effects on income inequality in transition economies.

Reallocating Public Spending to Reduce Income Inequality: Can It Work?

Djeneba Doumbia,Mr.Tidiane Kinda
Reallocating Public Spending to Reduce Income Inequality Can It Work Book PDF

Author : Djeneba Doumbia,Mr.Tidiane Kinda
Publisher : International Monetary Fund
Page : 51 pages
File Size : 41,9 Mb
Release : 2019-09-06
Category : Business & Economics
ISBN : 9781513511863

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Reallocating Public Spending to Reduce Income Inequality: Can It Work? by Djeneba Doumbia,Mr.Tidiane Kinda Pdf

Can a government reduce income inequality by changing the composition of public spending while keeping the total level of expenditure fixed? Using newly assembled data on spending composition for 83 countries across all income groups, this paper shows that reallocating spending toward social protection and infrastructure is associated with reduced income inequality, particularly when it is financed through cuts in defense spending. However, the political and security situation matters. The analysis does not find evidence that lowering defense spending to finance infrastructure and social outlays improves income distribution in countries with weak institutions and at higher risk of conflict. Reallocating social protection and infrastructure spending towards other types of spending tends to increase income inequality. Accounting for the long-term impact of health spending, and particularly education spending, helps to better capture the equalizing effects of these expenditures. The paper includes a discussion of the implications of the findings for Indonesia, a major emerging market where income inequality is at the center of policy issues.