Inequality, bipolarization, and tax progressivity

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• dc.contributor.author Carbonell-Nicolau, Oriol
• dc.contributor.author Llavador, Humberto
• dc.date.accessioned 2021-12-15T11:36:24Z
• dc.date.available 2021-12-15T11:36:24Z
• dc.date.issued 2021
• dc.description.abstract The steady rise in income and wealth inequality in the last four decades, together with the evolution of a vanishing middle class, has raised concerns about potentially pernicious effects of these trends on social stability and economic growth. This paper evaluates the possibility of designing tax systems aimed at reducing income inequality and bipolarization. Using two fundamentally different metrics, we provide a unified foundation of tax progressivity whereby, roughly, taxes are progressive if and only if they are inequality reducing; and taxes are inequality reducing if and only if they are bipolarization reducing.
• dc.description.sponsorship Llavador acknowledges financial support from the Spanish Ministry of Economy and Competitiveness through the Severo Ochoa Programme for Centers of Excellence in R&D (SEV-2015-0563), the AEI/FEDER-UE (PGC2018-096370-B-100) and the AEI/FEDER-EU (ECO2017-89240-P).
• dc.format.mimetype application/pdf
• dc.identifier.citation Carbonell-Nicolau O, Llavador H. Inequality, bipolarization, and tax progressivity. American Economic Journal: Microeconomics. 2021 Nov;13(4):492-513. DOI: 10.1257/mic.20190111
• dc.identifier.doi http://dx.doi.org/10.1257/mic.20190111
• dc.identifier.issn 1945-7669
• dc.identifier.uri http://hdl.handle.net/10230/49217
• dc.language.iso eng
• dc.publisher American Economic Association
• dc.relation.ispartof American Economic Journal: Microeconomics. 2021 Nov;13(4):492-513
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PE/ECO2017-89240-P
• dc.relation.projectID info:eu-repo/grantAgreement/ES/1PE/SEV2015-0563
• dc.relation.projectID nfo:eu-repo/grantAgreement/ES/2PE/PGC2018-096370-B-I00
• dc.rights © American Economic Association. Can be found at https://www.aeaweb.org/articles?id=10.1257/mic.20190111
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Shrinking middle class
• dc.subject.keyword Progressive taxation
• dc.subject.keyword Încome bipolarization
• dc.subject.keyword Income inequality
• dc.subject.keyword Incentive effects of taxation
• dc.title Inequality, bipolarization, and tax progressivity
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion