Publication: Macroeconomic and Distributive Effects of Increasing Taxes in Spain
dc.affiliation.dpto | UC3M. Departamento de EconomĂa | es |
dc.contributor.author | Fuster, Luisa | |
dc.contributor.funder | Agencia Estatal de Investigación (España) | es |
dc.date.accessioned | 2023-01-10T15:08:23Z | |
dc.date.available | 2023-01-10T15:08:23Z | |
dc.date.issued | 2022-11-09 | |
dc.description.abstract | I assess the macroeconomic and redistributive effects of tax reforms aimed at increasing tax revenue in Spain. To this end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find two reforms that raise fiscal pressure in Spain to the average value among countries in the Euro area. The first reform involves doubling the average effective tax rate on labor and business income for all individuals whose income is above a threshold level. I find that this reform reduces the inequality in after-tax income, wealth, and consumption. However, it implies a substantial GDP reduction. The second reform increases the flat tax rate on consumption by fifteen percentage points. While this reform does not reduce long-run output, it does not decrease household inequality. All in all, the desirability of the two reforms depends on the government’s preferences for reducing inequality at the expense of aggregate output losses. | en |
dc.description.sponsorship | I am very grateful to the ministry of Science and Innovation of Spain for financial support (Grant PID2019-107614GB-I00). | en |
dc.identifier.bibliographicCitation | Fuster, L. (2022). Macroeconomic and distributive effects of increasing taxes in Spain. SERIEs, 13 (4), pp. 613-648. | es |
dc.identifier.doi | https://doi.org/10.1007/s13209-022-00269-5 | |
dc.identifier.issn | 1869-4187 | |
dc.identifier.publicationfirstpage | 613 | es |
dc.identifier.publicationissue | 4 | es |
dc.identifier.publicationlastpage | 648 | es |
dc.identifier.publicationtitle | Series-Journal of the Spanish Economic Association | en |
dc.identifier.publicationvolume | 13 | es |
dc.identifier.uri | https://hdl.handle.net/10016/36245 | |
dc.identifier.uxxi | AR/0000031680 | |
dc.language.iso | eng | en |
dc.publisher | Springer Open | en |
dc.relation.projectID | Gobierno de España. PID2019-107614GB-I00 | es |
dc.rights | © The Author(s) 2022 | en |
dc.rights | Atribución 3.0 España | * |
dc.rights.accessRights | open access | en |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/es/ | * |
dc.subject.eciencia | EconomĂa | es |
dc.subject.jel | E2 | |
dc.subject.jel | E2 | |
dc.subject.jel | E2 | |
dc.subject.jel | E2 | |
dc.subject.jel | E62 | |
dc.subject.jel | H24 | |
dc.subject.jel | H24 | |
dc.subject.jel | H25 | |
dc.subject.jel | H25 | |
dc.subject.jel | H30 | |
dc.subject.jel | H30 | |
dc.subject.other | Taxation | en |
dc.subject.other | Fiscal pressure | en |
dc.subject.other | Tax revenue | en |
dc.subject.other | Entrepreneurship | en |
dc.subject.other | Labor supply | en |
dc.subject.other | Inequality | en |
dc.title | Macroeconomic and Distributive Effects of Increasing Taxes in Spain | en |
dc.type | research article | * |
dc.type.hasVersion | VoR | * |
dspace.entity.type | Publication |
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