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Redistribution, taxes, and the median voter
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Bassetto, Marco. Benhabib, Jess |
| Temporal Coverage | 2006 |
| Abstract | "We study a simple model of production, accumulation, and redistribution, where agents are heterogeneous in their initial wealth, and a sequence of redistributive tax rates is voted upon. Though the policy is infinite-dimensional, we prove that a median voter theorem holds if households have identical, Gorman aggregable preferences; furthermore, the tax policy preferred by the median voter has the "bang- bang" property."--Federal Reserve Bank of Chicago web site. |
| Language | English |
| Publisher | Federal Reserve Bank of Chicago, |
| Publisher Place | Chicago, Ill. |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Econometric Models Taxation |
| Subject Domain (in LCSH) | Taxation--Econometric models |
| Subject Domain (in LCC) | HG2401 |
| Content Type | Text |
| Resource Type | Book |
