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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w22676 |
来源ID | Working Paper 22676 |
Globalization, Inequality and Welfare | |
Pol Antràs; Alonso de Gortari; Oleg Itskhoki | |
发表日期 | 2016-09-26 |
出版年 | 2016 |
语种 | 英语 |
摘要 | This paper studies the welfare implications of trade opening in a world in which trade raises aggregate income but also increases income inequality, and in which redistribution needs to occur via a distortionary income tax-transfer system. We provide tools to characterize and quantify the effects of trade opening on the distribution of disposable income (after redistribution). We propose two adjustments to standard measures of the welfare gains from trade: a ‘welfarist’ correction inspired by the Atkinson (1970) index of inequality, and a ‘costly-redistribution’ correction capturing the efficiency costs associated with the behavioral responses of agents to trade-induced shifts across marginal tax rates. We calibrate our model to the United States over the period 1979-2007 using data on the distribution of adjusted gross income in public samples of IRS tax returns, as well as CBO information on the tax liabilities and transfers received by agents at different percentiles of the U.S. income distribution. Our quantitative results suggest that both corrections are nonnegligible: trade-induced increases in inequality of disposable income erode about 20% of the gains from trade, while the gains from trade would be about 15% larger if redistribution was carried out via non-distortionary means. |
主题 | Microeconomics ; Market Structure and Distribution ; Welfare and Collective Choice ; International Economics ; Trade ; Globalization and International Relations ; Public Economics ; Taxation |
URL | https://www.nber.org/papers/w22676 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580348 |
推荐引用方式 GB/T 7714 | Pol Antràs,Alonso de Gortari,Oleg Itskhoki. Globalization, Inequality and Welfare. 2016. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w22676.pdf(854KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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