NDLI: Evidence on the Insurance Effect of Redistributive Taxation

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Evidence on the Insurance Effect of Redistributive Taxation

Content Provider	Semantic Scholar
Author	Grant, Charles Koulovatianos, Christos Michaelides, Alexander Padula, Mario
Copyright Year	2010
Abstract	If households face uninsurable idiosyncratic earnings risk, theory predicts that redistributive tax and transfer systems have both an insurance and a distortionary effect. Exploiting the substantial variation of tax and transfer systems across U.S. states and over time, we investigate the necessary traces of these two effects in the data: that state-level measures of redistributive taxation should correlate negatively with the standard deviation and the mean of the within-state consumption distribution. We find that the first correlation is robust, supporting strongly the presence of an insurance effect. The distortionary effect can also be detected in the data, but it is less precisely estimated.
Starting Page	965
Ending Page	973
Page Count	9
File Format	PDF HTM / HTML
DOI	10.1162/REST_a_00040
Volume Number	92
Alternate Webpage(s)	http://homepage.univie.ac.at/Papers.Econ/RePEc/vie/viennp/vie0611.pdf
Alternate Webpage(s)	https://bura.brunel.ac.uk/bitstream/2438/8361/2/Fulltext.pdf
Alternate Webpage(s)	http://orbilu.uni.lu/bitstream/10993/8530/1/REStat_MS_11621_R3_March_21_2009.pdf
Alternate Webpage(s)	http://people.exeter.ac.uk/cc371/RePEc/dpapers/DP0809.pdf
Alternate Webpage(s)	https://doi.org/10.1162/REST_a_00040
Journal	The Review of Economics and Statistics
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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