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来源类型Working Paper
规范类型报告
DOI10.3386/w4125
来源IDWorking Paper 4125
Robin-Hooding Rents: Exploiting the Pecuniary Effects of In-Kind Programs
Richard Zeckhauser; Steve Coate; Stephen Johnson
发表日期1992-07-01
出版年1992
语种英语
摘要The pecuniary effects of cash and in-kind programs differ. A program that builds housing for the poor, for example, is likely to result in a lower price of existing low-income housing than would an equally costly cash transfer program. Low-income renters in general would benefit; landlords would lose. The process we label Robin-Hooding rents employs in-kind programs to transfer rents from one group in society to another, Direct taxation of "donor" groups may be infeasible because their incomes can't be monitored, they are engaged in illegal activities, they are foreign, or the government's administrative apparatus is ineffective. A general equilibrium analysis reveals that absent the ability to target taxation, Robin-Hooding may be a valuable second-best transfer instrument. Robin-Hooding also has drawbacks, Its incentive effects are significant, for today's rents flow from yesterday's investment activities. Moreover, even when Robin-Hooding is undesirable, parochial government agencies may be tempted to employ it as a means to escape the scrutiny of the budget process. The real world use of Robin-Hooding in both developed and developing nations is discussed.
主题Public Economics ; Public Goods ; Taxation
URLhttps://www.nber.org/papers/w4125
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/561474
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Richard Zeckhauser,Steve Coate,Stephen Johnson. Robin-Hooding Rents: Exploiting the Pecuniary Effects of In-Kind Programs. 1992.
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