Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents
The consideration of the distribution of income, wealth and consumption within countries around the globe reveals one basic and consistent picture: inequality in the allocation of resources is a prevailing global phenomenon and subject to an ongoing negative trend since, at least, the last three dec...
Guardat en:
| Autor principal: | |
|---|---|
| Format: | Online |
| Idioma: | anglès |
| Publicat: |
University of Bamberg Press
2024
|
| Matèries: | |
| Accés en línia: | ONIX_20240517_9783863097028_6 |
| Etiquetes: |
Sense etiquetes, Sigues el primer a etiquetar aquest registre!
|
| _version_ | 1869529953328955392 |
|---|---|
| author | Putz, Christian |
| author_browse | Putz, Christian |
| author_facet | Putz, Christian |
| author_sort | Putz, Christian |
| collection | Directory of Open Access Books |
| description | The consideration of the distribution of income, wealth and consumption within countries around the globe reveals one basic and consistent picture: inequality in the allocation of resources is a prevailing global phenomenon and subject to an ongoing negative trend since, at least, the last three decades. In general, governments are equipped with a range of instruments and tools to influence distribution, with redistributive tax systems being considered the most direct, powerful and popular instrument in this context. Besides its influence on resource allocation, however, tax and transfer policies also possess substantial effects on many economic areas, for example, economic growth, financial markets and individual as well as aggregate welfare. Although widely discussed, the effects of taxation and redistribution as well as the underlying causes are not yet fully understood. By the means of economic equilibrium models the present work, therefore, addresses the influence of redistributive taxation within a closed economy populated by heterogeneous agents. The results show that rising tax rates on labor income or capital gains are generally associated with decreasing economic growth rates and, hence, diminishing future consumption possibilities. Moreover, in a variety of cases, redistributive taxation might foster inequality in wealth, consumption and participation rates. Even when effective, redistributive taxation is generally associated with a trade-off between macroeconomic growth and equality (or welfare). |
| format | Online |
| id | doab-20.500.12854ir-138123 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | University of Bamberg Press |
| publisherStr | University of Bamberg Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1381232025-07-18T09:45:50Z Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents Putz, Christian Einkommensdisparität Zeitpräferenz Besteuerung Heterogenität Umverteilung Dynamisches Modell thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management The consideration of the distribution of income, wealth and consumption within countries around the globe reveals one basic and consistent picture: inequality in the allocation of resources is a prevailing global phenomenon and subject to an ongoing negative trend since, at least, the last three decades. In general, governments are equipped with a range of instruments and tools to influence distribution, with redistributive tax systems being considered the most direct, powerful and popular instrument in this context. Besides its influence on resource allocation, however, tax and transfer policies also possess substantial effects on many economic areas, for example, economic growth, financial markets and individual as well as aggregate welfare. Although widely discussed, the effects of taxation and redistribution as well as the underlying causes are not yet fully understood. By the means of economic equilibrium models the present work, therefore, addresses the influence of redistributive taxation within a closed economy populated by heterogeneous agents. The results show that rising tax rates on labor income or capital gains are generally associated with decreasing economic growth rates and, hence, diminishing future consumption possibilities. Moreover, in a variety of cases, redistributive taxation might foster inequality in wealth, consumption and participation rates. Even when effective, redistributive taxation is generally associated with a trade-off between macroeconomic growth and equality (or welfare). 2024-05-18T04:08:39Z 2024-05-18T04:08:39Z 2024-05-17T16:12:53Z 2020 book ONIX_20240517_9783863097028_6 OCN: 1250402151 https://library.oapen.org/handle/20.500.12657/90293 9783863097028 https://directory.doabooks.org/handle/20.500.12854/138123 eng Schriften aus der Fakultät Sozial- und Wirtschaftswissenschaften der Otto-Friedrich-Universität Bamberg open access image/jpeg image/jpeg Attribution 4.0 International Attribution 4.0 International https://library.oapen.org/bitstream/20.500.12657/90293/1/9783863097028.pdf https://library.oapen.org/bitstream/20.500.12657/90293/1/9783863097028.pdf University of Bamberg Press 10.20378/irb-46651 10.20378/irb-46651 02ec4fa1-0d3e-42ea-b1f5-5b710c6fd863 9783863097028 AG Universitätsverlage 333 Bamberg open access |
| spellingShingle | Einkommensdisparität Zeitpräferenz Besteuerung Heterogenität Umverteilung Dynamisches Modell thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management Putz, Christian Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title | Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title_full | Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title_fullStr | Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title_full_unstemmed | Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title_short | Redistributive Taxation in Dynamic General Equilibrium with Heterogeneous Agents |
| title_sort | redistributive taxation in dynamic general equilibrium with heterogeneous agents |
| topic | Einkommensdisparität Zeitpräferenz Besteuerung Heterogenität Umverteilung Dynamisches Modell thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management |
| topic_facet | Einkommensdisparität Zeitpräferenz Besteuerung Heterogenität Umverteilung Dynamisches Modell thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management |
| url | ONIX_20240517_9783863097028_6 |
| work_keys_str_mv | AT putzchristian redistributivetaxationindynamicgeneralequilibriumwithheterogeneousagents |