Journal article | Zeitschriftenartikel

Subjective wellbeing impacts of national and subnational fiscal policies

We study the association between fiscal policy and subjective wellbeing using fiscal data on 34 countries across 129 country-years, combined with over 170,000 people's subjective wellbeing scores. While past research has found that "distortionary taxes" (e.g. income taxes) are associated with slow growth relative to "non-distortionary" taxes (GST/VAT), we find that distortionary taxes are associated with higher levels of subjective wellbeing than non-distortionary taxes. This relationship holds when we control for macro-economic variables and country fixed effects. If this relationship is causal, it would offer an explanation as to why governments pursue these policies that harm economic growth. We find that richer people's subjective wellbeing is less harmed by indirect taxes than people with lower incomes, while "unproductive expenditure" is associated with higher wellbeing for the middle class relative to others, possibly reflecting middle class capture. We see little evidence for differential effects of fiscal policy on people living in different sized settlements. Devolving a portion of expenditure to subnational government is associated with higher subjective wellbeing but devolving tax collection to subnational government is associated with monotonically lower subjective wellbeing.

Subjective wellbeing impacts of national and subnational fiscal policies

Urheber*in: Ormsby, Judd; Grimes, Arthur; Robinson, Anna; Wong, Siu Yuat

Namensnennung - Nicht kommerziell 4.0 International

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ISSN
2409-5370
Umfang
Seite(n): 43-69
Sprache
Englisch
Anmerkungen
Status: Veröffentlichungsversion; begutachtet (peer reviewed)

Erschienen in
Region: the journal of ERSA, 3(1)

Thema
Soziologie, Anthropologie
Wirtschaft
Städtebau, Raumplanung, Landschaftsgestaltung
Wirtschaftssoziologie
Wirtschaftspolitik
Raumplanung und Regionalforschung
Steuerpolitik
Wohlbefinden
Finanzpolitik
Einkommensteuer
Region

Ereignis
Geistige Schöpfung
(wer)
Ormsby, Judd
Grimes, Arthur
Robinson, Anna
Wong, Siu Yuat
Ereignis
Veröffentlichung
(wo)
Österreich
(wann)
2016

DOI
Rechteinformation
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Letzte Aktualisierung
21.06.2024, 16:27 MESZ

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Objekttyp

  • Zeitschriftenartikel

Beteiligte

  • Ormsby, Judd
  • Grimes, Arthur
  • Robinson, Anna
  • Wong, Siu Yuat

Entstanden

  • 2016

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