Credible redistributive policies and migration across U.S. states
نویسندگان
چکیده
منابع مشابه
Redistributive Policies and TFP Differences Across Countries
Economists point towards cross-country differences in TFP to explain wide differences in income per capita across countries. This paper derives theoretical restrictions for interpreting the data based on a neoclassical, dynamic general equilibrium model in which the institutional and technological factors and scal policies signi cantly alter overall productivity as measured by the conventional ...
متن کاملRedistributive Taxation and Personal Bankruptcy in US States
Redistributive Taxation and Personal Bankruptcy in US States Both personal bankruptcy and redistributive taxes can insure households’ consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and for inter-temporal consumption smoothing. E...
متن کاملRedistributive Labor - Income Taxation and Bankruptcy in US States ∗
Both bankruptcy regulation and redistributive taxation vary considerably across US states. We model the interactions between these two policies: redistributive taxation targets intratemporal inequality whereas asset exemptions in bankruptcy procedures help agents to smooth consumption across time. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptio...
متن کاملGrowth, Learning and Redistributive Policies
This paper develops an endogenous growth model with redistributive taxation in which the growth rate of the economy affects the agents’ preferences over redistributive policies, and therefore, the equilibrium level of taxation. The main mechanism through which the growth rate affects policy preferences is by changing the ability of the agents to learn their positions in the future distribution ...
متن کاملWelfare Analysis and Redistributive Policies
Applied welfare analyses of redistributive systems nowadays benefit from powerful taxbenefit microsimulation programs combined with administrative data. Arguably, most of the distributional studies of that kind focus on social welfare defined as a function – typically inequality or poverty indices – of household equivalized income. In parallel, economic research has made considerable progress i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2010
ISSN: 1094-2025
DOI: 10.1016/j.red.2010.02.001