| Description |
1 online resource (26 pages) : illustrations |
| Series |
IMF working paper ; WP/14/64 |
|
IMF working paper ; WP/14/64.
|
| Contents |
Cover; Abstract; Contents; I. Introduction; II. Fiscal Decentralization and Inequality -- Literature Review; III. What Do The Data Tell Us?; Figures; 1. Average Gini Coefficients by Country Groups (1970-2010); Tables; 1. Groups Contained in the COFOG Divisions Social Protection, Health, and Education; 2. Average Decentralization Ratio of Total and Redistributive Expenditure; 3. The Composition and Correlation of Decentralized Government Expenditure; 4. Evolution of Average Decentralization Ratios by Redistributive Function; IV. Estimation |
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5. Average Transfer Dependency and Average Income Tax Decentralization Ratios (1990-2011)V. Results; 2. Econometric Results; 6. Gini Coefficient and Decentralization Ratios of Redistribution; 7. Decentralized Redistribution, Income Inequality and the Size of General Government; 8. Decentralized Redistribution and Size of General Government; VI. Conclusion; 9. Income Inequality and Transfer Dependency; References |
| Summary |
"Within the context of reigniting post crisis macroeconomic growth, income inequality has emerged as a topic of significant interest for both academics and policymakers (Bastagli, Coady, and Gupta, 2012) This study builds on past literature on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of government. Using the IMF's multi-sector Government Finance Statistics Yearbook database, this paper tests the impact of decentralized redistribution on income inequality for a globally representative sample of countries since 1980. The findings suggest that the decentralization of government expenditure can help achieve a more equal distribution of income. However, several conditions need to be fulfilled: i) the government sector needs to be sufficiently large, ii) decentralization should be comprehensive, including redistributive government spending, and, iii) decentralization on the expenditure side should be accompanied by adequate decentralization on the revenue side, such that subnational governments rely primarily on their own revenue sources as opposed to intergovernmental transfers"--Abstract |
| Notes |
"Statistics Department"--Page 2 of pdf |
|
"April 2014"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed May 14, 2014) |
| Subject |
Income distribution.
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Income maintenance programs.
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Decentralization in government.
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Government spending policy.
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Revenue.
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Equality.
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Economics -- Sociological aspects.
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Decentralization in government
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Economics -- Sociological aspects
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Equality
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Government spending policy
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Income distribution
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Income maintenance programs
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Revenue
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| Form |
Electronic book
|
| Author |
Seiferling, Mike, author.
|
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International Monetary Fund. Statistics Department, issuing body.
|
| ISBN |
9781475516845 |
|
1475516843 |
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