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Author : Agnar Sandmo
Release : 1997
Genre :
Kind : eBook
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Book Synopsis Redistribution and the Marginal Cost of Public Funds by : Agnar Sandmo
Download or read book Redistribution and the Marginal Cost of Public Funds written by Agnar Sandmo. This book was released on 1997. Available in PDF, EPUB and Kindle. Book excerpt:
Author : K. W. Kevin Hsu
Release : 2008
Genre :
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Book Synopsis Political Economy and the Social Marginal Cost of Public Funds by : K. W. Kevin Hsu
Download or read book Political Economy and the Social Marginal Cost of Public Funds written by K. W. Kevin Hsu. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: In previous studies on the social marginal cost of public funds (SMCF), the existing tax system has been assumed to be either arbitrary or optimal. This note explores another possibility: the existing tax system itself represents a political equilibrium. Our exploration proceeds in Meltzer and Richards (1981) political economy of redistributive taxation. An interesting feature of our finding is that the degree of income inequality as measured by the ratio of mean to median income can play an important role in estimating the SMCF and judging whether the level of redistribution is excessive or inadequate.
Author : Bev Dahlby
Release : 2008-04-25
Genre : Business & Economics
Kind : eBook
Book Rating : 319/5 ( reviews)
Book Synopsis The Marginal Cost of Public Funds by : Bev Dahlby
Download or read book The Marginal Cost of Public Funds written by Bev Dahlby. This book was released on 2008-04-25. Available in PDF, EPUB and Kindle. Book excerpt: A unified treatment of the marginal cost of public funds, covering both its theoretical foundations and how the MCF concept can be used to analyze tax policy issues. The marginal cost of public funds (MCF) measures the loss incurred by society in raising additional revenues to finance government spending. The MCF has emerged as one of the most important concepts in public economics; it is a key component in evaluations of tax reforms, public expenditure programs, and other public policies. The Marginal Cost of Public Funds provides a unified treatment of the MCF, carefully developing its theoretical foundations in a variety of contexts and describing its application to a wide range of policies—from excise taxes in Thailand to public sector borrowing in Canada and the United States. The Marginal Cost of Public Funds develops the basic theory of the MCF within the framework of public economics and shows how it is related to the traditional measures of the efficiency loss from distortionary taxation. The MCF concept is then applied to the major sources of revenues for governments—sales and excise taxes, taxes on labor income, taxes on the return to capital, public sector borrowing, and intergovernmental grants. This book will be an essential reference for economists and public policy analysts both in and out of government. Exercises and recommendations for further reading at the end of each main chapter highlight its usefulness as a supplementary text in advanced undergraduate or graduate courses in public economics.
Author : Geir Bjertnaes
Release : 2016
Genre :
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Book Synopsis Social Security Transfers and the Marginal Cost of Public Funds by : Geir Bjertnaes
Download or read book Social Security Transfers and the Marginal Cost of Public Funds written by Geir Bjertnaes. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: Recent estimates of the marginal cost of public funds differ substantially. Some studies argue that the efficiency cost of taxation counter the welfare gain connected to redistribution of income. Hence, the efficiency cost of taxation should not be included as a cost of public goods provision. Kleven and Kreiner (2006), however, argue that the cost of public goods provision may double in countries with a large welfare state due to exit from the labor market. This study shows that the cost of public goods provision should be increased with less than 15 percent when categorical transfers redistributed income even though taxation may lead to exit from the labor market.
Author : Mr.David Coady
Release : 2020-06-26
Genre : Business & Economics
Kind : eBook
Book Rating : 046/5 ( reviews)
Book Synopsis Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers by : Mr.David Coady
Download or read book Designing Fiscal Redistribution: The Role of Universal and Targeted Transfers written by Mr.David Coady. This book was released on 2020-06-26. Available in PDF, EPUB and Kindle. Book excerpt: There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, i.e., a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and progressive tax financing.
