Fiscal Redistribution and Income Inequality in Latin America

This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fisca...

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Main Authors:	Goni, Edwin, Lopez, J. Humberto, Serven, Luis
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230
Online Access:	http://hdl.handle.net/10986/5791

id	okr-10986-5791
recordtype	oai_dc
spelling	okr-10986-57912021-04-23T14:02:23Z Fiscal Redistribution and Income Inequality in Latin America Goni, Edwin Lopez, J. Humberto Serven, Luis Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fiscal system is very large in Europe and very small in Latin America; and (iii) where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. While the priorities of pro-equity fiscal reforms vary across Latin American countries, overall the prospects for major fiscal redistribution lie mainly in raising the volume of resources available for transfers, and improving their targeting, rather than increasing the progressivity of Latin America's tax systems. 2012-03-30T07:34:34Z 2012-03-30T07:34:34Z 2011 Journal Article World Development 0305750X http://hdl.handle.net/10986/5791 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230
spellingShingle	Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 Goni, Edwin Lopez, J. Humberto Serven, Luis Fiscal Redistribution and Income Inequality in Latin America
geographic_facet	Latin America & Caribbean
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fiscal system is very large in Europe and very small in Latin America; and (iii) where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. While the priorities of pro-equity fiscal reforms vary across Latin American countries, overall the prospects for major fiscal redistribution lie mainly in raising the volume of resources available for transfers, and improving their targeting, rather than increasing the progressivity of Latin America's tax systems.
format	Journal Article
author	Goni, Edwin Lopez, J. Humberto Serven, Luis
author_facet	Goni, Edwin Lopez, J. Humberto Serven, Luis
author_sort	Goni, Edwin
title	Fiscal Redistribution and Income Inequality in Latin America
title_short	Fiscal Redistribution and Income Inequality in Latin America
title_full	Fiscal Redistribution and Income Inequality in Latin America
title_fullStr	Fiscal Redistribution and Income Inequality in Latin America
title_full_unstemmed	Fiscal Redistribution and Income Inequality in Latin America
title_sort	fiscal redistribution and income inequality in latin america
publishDate	2012
url	http://hdl.handle.net/10986/5791
_version_	1764396307336658944

Fiscal Redistribution and Income Inequality in Latin America

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