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dc.contributor.authorAizenman, Joshuaen_US
dc.contributor.authorJinjarak, Yothinen_US
dc.date.accessioned2012-06-28en_US
dc.date.accessioned2012-09-28T12:41:20Z-
dc.date.available2012-09-28T12:41:20Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/64492-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisherUniv. of California at Santa Cruz, Dep. of Economics Santa Cruz, Calif.en_US
dc.relation.ispartofseriesWorking Papers, UC Santa Cruz Economics Department 700en_US
dc.subject.jelH20en_US
dc.subject.jelD63en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordincome inequalityen_US
dc.subject.keywordtax-baseen_US
dc.subject.keywordfiscal spaceen_US
dc.subject.keywordsovereign spreadsen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwSoziale Ungleichheiten_US
dc.subject.stwSteuerbemessungen_US
dc.subject.stwÖffentlicher Haushalten_US
dc.subject.stwWelten_US
dc.titleIncome inequality, tax base and sovereign spreadsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn718481372en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Economics Department, UC Santa Cruz

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