Equity and fiscal policy : the income distribution effects of taxation and social spending in Central America /

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Bibliographic Details
Author / Creator:Cubero, Rodrigo, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2010.
Description:1 online resource (42 pages) : color illustrations
Language:English
Series:IMF working paper ; WP/10/112
IMF working paper ; WP/10/112.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499749
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Other authors / contributors:Vladkova Hollar, Ivanna, author.
International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN:9781452741970
1452741972
Notes:Includes bibliographical references (pages 40-42).
Print version record.
Summary:How does fiscal policy fare in improving the underlying income distribution in Central America? We integrate the data from a number of existing tax and public expenditure studies for the countries in the region and find that the distributional effect of taxation is regressive but small. In contrast, the redistributive impact of social spending is large and progressive, leading to a progressive net redistributive effect in all countries of the region. We also show that raising tax revenues and devoting the proceeds to social spending would unambiguously improve the income of the poorest households.
Other form:Print version: Cubero, Rodrigo. Equity and fiscal policy. [Washington, D.C.] : International Monetary Fund, 2010