Fiscal Redistribution and Income Inequality in Latin America
This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fiscal system is very large in Europe and very small in Latin America; and (iii) where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. While the priorities of pro-equity fiscal reforms vary across Latin American countries, overall the prospects for major fiscal redistribution lie mainly in raising the volume of resources available for transfers, and improving their targeting, rather than increasing the progressivity of Latin America's tax systems.
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Format: | Journal Article biblioteca |
Language: | EN |
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2011
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Subjects: | Personal Income, Wealth, and Their Distributions D310, Fiscal Policy E620, Taxation and Subsidies: Externalities, Redistributive Effects, Environmental Taxes and Subsidies H230, Economic Development: Human Resources, Human Development, Income Distribution, Migration O150, Fiscal and Monetary Policy in Development O230, |
Online Access: | http://hdl.handle.net/10986/5791 |
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dig-okr-1098657912021-04-23T14:02:23Z Fiscal Redistribution and Income Inequality in Latin America Goni, Edwin Lopez, J. Humberto Serven, Luis Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fiscal system is very large in Europe and very small in Latin America; and (iii) where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. While the priorities of pro-equity fiscal reforms vary across Latin American countries, overall the prospects for major fiscal redistribution lie mainly in raising the volume of resources available for transfers, and improving their targeting, rather than increasing the progressivity of Latin America's tax systems. 2012-03-30T07:34:34Z 2012-03-30T07:34:34Z 2011 Journal Article World Development 0305750X http://hdl.handle.net/10986/5791 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Latin America & Caribbean |
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Banco Mundial |
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Estados Unidos |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
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EN |
topic |
Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 |
spellingShingle |
Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 Goni, Edwin Lopez, J. Humberto Serven, Luis Fiscal Redistribution and Income Inequality in Latin America |
description |
This paper documents and compares the redistributive performance of Latin American and Western European fiscal systems. Three main conclusions emerge: (i) taxes and transfers widen the difference in income inequality between the two country groups, because (ii) the redistributive impact of the fiscal system is very large in Europe and very small in Latin America; and (iii) where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. While the priorities of pro-equity fiscal reforms vary across Latin American countries, overall the prospects for major fiscal redistribution lie mainly in raising the volume of resources available for transfers, and improving their targeting, rather than increasing the progressivity of Latin America's tax systems. |
format |
Journal Article |
topic_facet |
Personal Income, Wealth, and Their Distributions D310 Fiscal Policy E620 Taxation and Subsidies: Externalities Redistributive Effects Environmental Taxes and Subsidies H230 Economic Development: Human Resources Human Development Income Distribution Migration O150 Fiscal and Monetary Policy in Development O230 |
author |
Goni, Edwin Lopez, J. Humberto Serven, Luis |
author_facet |
Goni, Edwin Lopez, J. Humberto Serven, Luis |
author_sort |
Goni, Edwin |
title |
Fiscal Redistribution and Income Inequality in Latin America |
title_short |
Fiscal Redistribution and Income Inequality in Latin America |
title_full |
Fiscal Redistribution and Income Inequality in Latin America |
title_fullStr |
Fiscal Redistribution and Income Inequality in Latin America |
title_full_unstemmed |
Fiscal Redistribution and Income Inequality in Latin America |
title_sort |
fiscal redistribution and income inequality in latin america |
publishDate |
2011 |
url |
http://hdl.handle.net/10986/5791 |
work_keys_str_mv |
AT goniedwin fiscalredistributionandincomeinequalityinlatinamerica AT lopezjhumberto fiscalredistributionandincomeinequalityinlatinamerica AT servenluis fiscalredistributionandincomeinequalityinlatinamerica |
_version_ |
1756571660594446336 |