@techreport{Aizenman2012Income,
abstract = {This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower tax base, lower de-facto fiscal space, and higher sovereign spreads. The economic magnitude of these effects is rather large: an increase in the Gini coefficient of inequality by 1 (in a scale of 0-100), is associated in 2011 with a lower tax base of 2 percent of the GDP, and with a higher sovereign spread of 45 basis points.},
address = {Santa Cruz, Calif.},
author = {Joshua Aizenman and Yothin Jinjarak},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H20; D63; F41; 330; income inequality; tax-base; fiscal space; sovereign spreads; Einkommensverteilung; Soziale Ungleichheit; Steuerbemessung; \"{O}ffentlicher Haushalt; Welt},
language = {eng},
number = {700},
publisher = {Univ. of California at Santa Cruz, Dep. of Economics},
title = {Income inequality, tax base and sovereign spreads},
type = {Working Papers, UC Santa Cruz Economics Department},
url = {http://hdl.handle.net/10419/64492},
year = {2012}
}
