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Hi, let me present below "Four levers of redistribution: the impact of tax and transfer systems", recently published in the Review of Income and Wealth , by Elvire #Guillaud, Matthew #Olckers and myself.
(free access here: rdcu.be/bgJQs )
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(free access here: rdcu.be/bgJQs )
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We propose a decomposition of the four levers of monetary redistribution used in OECD countries.
To reduce income inequality, you can use either taxes or transfers. But the redistributive impact of both depends on the interaction of the average rate and the average progressivity / targeting.
This is summarized by the following equation:
This is summarized by the following equation:
