Fiscal Policy and Income Inequality

Do governments seek to redistribute income through fiscal policy? Do they have the incentives? The answers are not settled in the economic literature (Lustig in Commitment to equity handbook: Estimating the impact of fiscal policy on income inequality and poverty, Brookings Institution Press, 2018). This essay analyzes this question through a model of unified theory of capitalism (UTC). Given the complexity of the problem at hand, the final model will be presented step by step, through two intermediate models.

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References

• Acemoglu, D., Naidu, S., Restrepo, P., & Robinson, J. (2015). Democracy, redistribution, and inequality. In A. B. Atkinson & F. Bourguignon (Eds.), Handbook of income distribution (Vol. 2, pp. 1885–1966). Elsevier. Google Scholar
• Clements, B., de Mooij, R., Gupta, S., & Keen, M. (Eds.). (2015). Inequality and fiscal policy. International Monetary Fund. Google Scholar
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• Tax Foundation. (2022). Sources of government revenue in OECD 2021. Accessed 10 Feb 2022. https://taxfoundation.org/publications/

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1. Pontifical Catholic University of Peru, Lima, Peru Adolfo Figueroa

1. Adolfo Figueroa

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Figueroa, A. (2023). Fiscal Policy and Income Inequality. In: The Quality of Society, Volume III. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-21072-3_6

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• DOI : https://doi.org/10.1007/978-3-031-21072-3_6
• Published : 30 October 2023
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