| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5842 |
| DP5842 Financial Globalization: A Reappraisal | |
| Kenneth Rogoff; Shang-Jin Wei; Eswar Prasad; M. Ayhan Kose | |
| 发表日期 | 2006-09-17 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4% increase in steady state output and a more unequal distribution of after-tax income. In contrast, the more progressive reform brings about a -2.6% reduction in steady state output and a distribution of after-tax income that is more egalitarian. We also find that in the less progressive flat-tax economy aggregate welfare falls by -0.17% of consumption, and in the more progressive flat-tax economy it increases by 0.45% of consumption. In both flat-tax reforms the income poor pay less income taxes and obtain sizeable welfare gains. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Flat-tax reforms Efficiency Inequality Earnings distribution Income distribution Wealth distribution |
| URL | https://cepr.org/publications/dp5842 |
| 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/534681 |
| 推荐引用方式 GB/T 7714 | Kenneth Rogoff,Shang-Jin Wei,Eswar Prasad,et al. DP5842 Financial Globalization: A Reappraisal. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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