Is There Enough Redistribution?
This paper asks whether there are welfare gains from additional redistribution. First, it derives a sufficient condition for the existence of welfare gains from a small increase in lump-sum transfers financed by a uniform increase in labor income t...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/487981489430080235/Is-there-enough-redistribution http://hdl.handle.net/10986/26343 |
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okr-10986-263432021-06-08T14:42:48Z Is There Enough Redistribution? Eden, Maya TAXATION TARGETING TRANSFERS REDISTRIBUTION This paper asks whether there are welfare gains from additional redistribution. First, it derives a sufficient condition for the existence of welfare gains from a small increase in lump-sum transfers financed by a uniform increase in labor income taxes. A calibration suggests that, even under very conservative assumptions, most countries would benefit from such a scheme. Second, it asks whether, given existing tax revenues, there are gains from diverting public funds from government investment projects toward redistributive programs. The analysis suggests that the answer is highly sensitive to parameter values and the rate of return on government investment. 2017-04-12T21:05:05Z 2017-04-12T21:05:05Z 2017-03 Working Paper http://documents.worldbank.org/curated/en/487981489430080235/Is-there-enough-redistribution http://hdl.handle.net/10986/26343 English en_US Policy Research Working Paper;No. 8003 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
TAXATION TARGETING TRANSFERS REDISTRIBUTION |
| spellingShingle |
TAXATION TARGETING TRANSFERS REDISTRIBUTION Eden, Maya Is There Enough Redistribution? |
| relation |
Policy Research Working Paper;No. 8003 |
| description |
This paper asks whether there are
welfare gains from additional redistribution. First, it
derives a sufficient condition for the existence of welfare
gains from a small increase in lump-sum transfers financed
by a uniform increase in labor income taxes. A calibration
suggests that, even under very conservative assumptions,
most countries would benefit from such a scheme. Second, it
asks whether, given existing tax revenues, there are gains
from diverting public funds from government investment
projects toward redistributive programs. The analysis
suggests that the answer is highly sensitive to parameter
values and the rate of return on government investment. |
| format |
Working Paper |
| author |
Eden, Maya |
| author_facet |
Eden, Maya |
| author_sort |
Eden, Maya |
| title |
Is There Enough Redistribution? |
| title_short |
Is There Enough Redistribution? |
| title_full |
Is There Enough Redistribution? |
| title_fullStr |
Is There Enough Redistribution? |
| title_full_unstemmed |
Is There Enough Redistribution? |
| title_sort |
is there enough redistribution? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/487981489430080235/Is-there-enough-redistribution http://hdl.handle.net/10986/26343 |
| _version_ |
1764461746786926592 |