| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2614
|
| DP2614 Technical Progress and Early Retirement |
| Joseph Zeira; Avner Ahituv
|
| 发表日期 | 2000-11-28
|
| 出版年 | 2000
|
| 语种 | 英语
|
| 摘要 | Should the geographic allocation of public investment aim at reducing regional inequalities or should it exclusively be concerned with the maximization of aggregate output? In this Paper I study the potential role of public investment in reducing personal welfare inequality, in combination with distortionary taxation. The case for public investment as a significant redistribution device seems weak. If the tax code is constrained to be uniform across regions then it is optimal to distort the allocation of public investment in favour of the poor regions, but only to a limited extent. The reason is that poor individuals are relatively more sensitive to public transfers, which are maximized by allocating public investment efficiently. If the tax code can vary across regions then the result is ambiguous and it might even be the case that the optimal policy involves an allocation of public investment distorted in favour of the rich regions. |
| 主题 | Public Economics
|
| 关键词 | Public investment
Regional policy
Redistribution
|
| URL | https://cepr.org/publications/dp2614
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531680
|
推荐引用方式
GB/T 7714 |
Joseph Zeira,Avner Ahituv. DP2614 Technical Progress and Early Retirement. 2000.
|
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