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題名 Political Economy and the Social Marginal Cost of Public Funds: The Case of the Meltzer-Richard Economy
作者 Hsu,K. W. Kevin;Yang,C. C.
貢獻者 政大財政系
關鍵詞 Wage rigidity;Firm community;Catastrophe;Hysteresis
日期 2008-07
上傳時間 26-Aug-2013 16:11:07 (UTC+8)
摘要 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.
關聯 Economic Inquiry, 46(3), 401-410
資料類型 article
DOI http://dx.doi.org/10.1111/j.1465-7295.2007.00089.x
dc.contributor 政大財政系en_US
dc.creator (作者) Hsu,K. W. Kevin;Yang,C. C.en_US
dc.date (日期) 2008-07en_US
dc.date.accessioned 26-Aug-2013 16:11:07 (UTC+8)-
dc.date.available 26-Aug-2013 16:11:07 (UTC+8)-
dc.date.issued (上傳時間) 26-Aug-2013 16:11:07 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/59160-
dc.description.abstract (摘要) 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.en_US
dc.language.iso en_US-
dc.relation (關聯) Economic Inquiry, 46(3), 401-410en_US
dc.subject (關鍵詞) Wage rigidity;Firm community;Catastrophe;Hysteresisen_US
dc.title (題名) Political Economy and the Social Marginal Cost of Public Funds: The Case of the Meltzer-Richard Economyen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1111/j.1465-7295.2007.00089.xen_US
dc.doi.uri (DOI) http://dx.doi.org/10.1111/j.1465-7295.2007.00089.xen_US