| Description |
1 online resource (31 pages) |
| Series |
IMF Working Paper ; WP/19/51 |
|
IMF working paper ; WP/19/51.
|
| Contents |
Cover; Contents; Abstract; I. Introduction; II. Conceptual Framework; Social Welfare Impact of Fiscal Policy; Fiscal Redistribution and Social Welfare; Social Welfare Weights; Fiscal Redistribution and Inequality; III. Fiscal Redistribution in European Economies; Fiscal Redistribution, Progressivity and Effort; Decomposing Fiscal Redistribution; IV. Patterns in Fiscal Redistribution; Conditional and Unconditional Fiscal Redistribution; Progressivity and Fiscal Redistribution; Inequality and Fiscal Redistribution; V. Summary and Concluding Remarks; References; Tables |
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1. Description of EUROMOD Tax and Transfer Data, 2011 and 20162. Fiscal Redistribution (FR), Progressivity and Targeting; 3. Fiscal Redistribution and Market Inequality; Figures; 1. Fiscal Redistribution in European Countries, 2016; 2. Fiscal Progressivity and Fiscal Effort in European Countries, 2016; 3. Level Decomposition of Differences in Fiscal Redistribution; 4. Tax and Transfer Progressivity in European Economies, 2016; Appendixes; I. Social Welfare and Large Transfers; II. EUROMOD: Ireland Distribution of Income, Taxes, and Transfers |
| Summary |
Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal redistribution. Differences in fiscal redistribution are decomposed into differences in the magnitude of transfers (fiscal effort) and in the progressivity of transfers (fiscal progressivity). Fiscal progressivity is further decomposed into differences in the distribution of transfers across income groups (targeting performance) and in the social welfare returns to targeting due to varying initial levels of income inequality (targeting returns). This decomposition provides a clear distinction between the concepts of progressivity and targeting, and clarifies the relationship between them. For illustrative purposes, the framework is applied to data for 28 EU countries to determine the factors explaining differences in their fiscal redistribution and to discuss patterns in fiscal redistribution highlighted in the literature |
| Bibliography |
Includes bibliographical references |
| Notes |
III. Fiscal Redistribution, Progressivity, Targeting and Fiscal EffortIV. Pairwise Regression Analysis |
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Print version record |
| Subject |
Fiscal policy -- Econometric models
|
|
Fiscal policy -- Econometric models
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| Form |
Electronic book
|
| Author |
D'Angelo, Devin, author
|
|
Evans, Brooks, author
|
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International Monetary Fund, issuing body.
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| ISBN |
1498303323 |
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9781498303323 |
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