Arbeitspapier
Income inequality, tax base and sovereign spreads
This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower tax base, lower de-facto fiscal space, and higher sovereign spreads. The economic magnitude of these effects is rather large: an increase in the Gini coefficient of inequality by 1 (in a scale of 0-100), is associated in 2011 with a lower tax base of 2 percent of the GDP, and with a higher sovereign spread of 45 basis points.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 700
- Klassifikation
-
Wirtschaft
Taxation, Subsidies, and Revenue: General
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Open Economy Macroeconomics
- Thema
-
income inequality
tax-base
fiscal space
sovereign spreads
Einkommensverteilung
Soziale Ungleichheit
Steuerbemessung
Öffentlicher Haushalt
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Aizenman, Joshua
Jinjarak, Yothin
- Ereignis
-
Veröffentlichung
- (wer)
-
University of California, Economics Department
- (wo)
-
Santa Cruz, CA
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Aizenman, Joshua
- Jinjarak, Yothin
- University of California, Economics Department
Entstanden
- 2012
Ähnliche Objekte (12)
Income inequality, tax base and sovereign spreads
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of ristk
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market mispricing of risk
Sovereign wealth funds: Stylized facts about their determinants and governance
Sovereign wealth funds: Stylized facts about their determinants and governance
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Large hoarding of international reserves and the emerging global economic architecture
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization
Relative price levels and current accounts: An exploration
Financial Liberalizations in Latin-America in the 1990s: A Reassessment
Relative price levels and current accounts: An exploration
Income inequality, tax base and sovereign spreads
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of ristk
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market mispricing of risk
Sovereign wealth funds: Stylized facts about their determinants and governance
Sovereign wealth funds: Stylized facts about their determinants and governance
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Large hoarding of international reserves and the emerging global economic architecture
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization
Relative price levels and current accounts: An exploration
Financial Liberalizations in Latin-America in the 1990s: A Reassessment
Relative price levels and current accounts: An exploration
Income inequality, tax base and sovereign spreads
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of ristk
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market mispricing of risk
Sovereign wealth funds: Stylized facts about their determinants and governance
Sovereign wealth funds: Stylized facts about their determinants and governance
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
Large hoarding of international reserves and the emerging global economic architecture
The impossible trinity (aka the policy Trilemma): The encyclopedia of financial globalization
Relative price levels and current accounts: An exploration
Financial Liberalizations in Latin-America in the 1990s: A Reassessment