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Redistribution Policy and Social Welfare: A View from Macroeconomics

SSRN Electronic Journal
2022
  • 0
    Citations
  • 302
    Usage
  • 1
    Captures
  • 1
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Usage
    302
    • Abstract Views
      272
    • Downloads
      30
  • Captures
    1
  • Mentions
    1
    • Blog Mentions
      1
      • Blog
        1

Article Description

This paper evaluates the effects of redistribution policies on macroeconomic performance, income distribution and social welfare using three alternative social welfare criteria (Pareto's, Rawls' and a mixed one), and establishes the link between the above and the ruler's optimal policy. The main conclusions are the following: 1) a negative effect of redistribution through taxation and subsidies is the increase in the interest rate; 2) as a society advances in the process of wealth redistribution, there comes a time when the ruler faces a trade-off: to maintain this process or to avoid losses in social welfare.

Bibliographic Details

Carlos Esteban Posada

Elsevier BV

Income Distribution; Income Tax; Subventions; Interest Rate; Social Welfare Criteria

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