The Australian Commonwealth government provides a set of benefits to high income older people, which are intended to promote saving for retirement. It has not been established whether this unusual policy is effective. Using illustrative models, it is shown that these benefits may induce some people to save and work more, but they may have the opposite effect on other...

Governments use redistributive policies to favor relatively unproductive economic sectors. Traditional economic wisdom teaches that the government should instead buy out the agents in these sectors, and let them relocate to more productive sectors.We show that redistribution to a sector whose agents have highly correlated incomes generates an insurance value. Taking this insurance value into ac...

Local governments in the United States typically rely on several main sources of own-source revenues, including individual income taxes, general sales taxes, specific excise taxes, fees and charges, and local property taxes. Of these sources, the dominant is by far the property tax. According to the United States Census Bureau (http://www.census.gov/govs/estimate), local property taxes accounte...

“The challenges facing governments, our societies and our economies are enormous. We may have pulled back from the brink at which we stood in the fall of 2008, but we (...) cannot claim victory until unemployment is brought down to where it was before the crisis, and until the real incomes of workers (...) have made up for the losses that have been suffered in the interim. We can do it – but on...

this paper used a general equilibrium model to evaluate the effects of adjustment polices. the model includes both demand and supply side equations. relationships concerning household and government income are also included in model. iterative three-stage least squares method is used-toestimatethe.model: then the mode/is used to simulate the effect of sevenaltemative policies on poverty and inc...

increasing concern with income distribution effects rather than growth effects of government activities has prompted numerous incidence analysis of government tax and expenditure behavior, in this paper, the extent of government contributions to changes in income inequality is analyzed for the Iranian economy. Some major findings of this research is that income distribution in urban areas was m...

T his study examines the effect of oil fluctuation export earnings on government income and expenditure in Nigeria using a time series data from 1986 to 2015. The study utilized co-integration techniques and ordinary least square as the methods of analyses. The co-integration tests indicate the existence of a long-run equilibrium relationship between oil...