Examinando por Materia "income distribution"

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    Ítem
    Market and disposable top income shares adjusted by national accounts data
    (Universidad EAFIT, 2017-08-01) Goda, Thomas; Sanchez, Santiago; tgoda@eafit.edu.co; ssanch40@eafit.edu.co
    This paper uses national accounts data to adjust market and disposable Top 10% and Top 1% household survey income shares for 39 developed and developing countries that are part of the Luxembourg Income Study (LIS). An additional novelty of this study is the distinction between labor and capital income. The obtained results suggest that for most countries top income shares are significantly higher than those reported in household surveys, which mainly underestimate top capital income. While the presented results should be treated with some caution, our easy-to-implement approach seems suitable for countries for which no tax data is available.
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    Ítem
    Redistribution Policy and Social Welfare: A View from Macroeconomics
    (Universidad EAFIT, 2022-03-09) Posada, Carlos Esteban; Universidad EAFIT
    This paper evaluates the effects of redistribution policies on macroeconomic performance, income distribution and social welfare using three alternative social welfare criteria (Pareto's, Rawls' and a mixed one), and establishes the link between the above and the ruler's optimal policy. The main conclusions are the following: 1) a negative effect of redistribution through taxation and subsidies is the increase in the interest rate; 2) as a society advances in the process of wealth redistribution, there comes a time when the ruler faces a trade-off: to maintain this process or to avoid losses in social welfare.