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Regional Risk-sharing Provided by the Fiscal System: Empirical Evidence from Sweden

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  • Linda Andersson
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    Abstract

    Andersson L. (2004) Regional risk-sharing provided by the fiscal system: empirical evidence from Sweden, Reg. Studies38, 269-280. The objective of this paper is to analyse risk-sharing among municipalities in Sweden in terms of how the central government smooths personal income via the tax and transfer systems. Using panel data for the period 1983-2001, we find that the national tax and transfer systems mitigate an adverse shock to income of 1 krona so that the disposable income falls by 90 ore, on average. However, there are differences across regions, where the effect on disposable income varies between 78 and 93 ore in the krona. A sensitivity analysis of the stability of the estimates over time suggests that the adjustment of the rules of the transfer system in 1991, associated with the tax reform the same year, may have influenced the importance of national transfers as a means of absorbing risk, while the evidence of a structural break due to the tax reform itself is less conclusive. Andersson L. (2004) Les possibilites regionales offertes par le systeme fiscal quant au partage des risques regional: des preuves empiriques provenant de la Suede, Reg. Studies 38, 269-280. Cet article cherche a analyser le partage des risques parmi les municipalites en Suede en termes de la facon dont l'administration centrale aplanit le revenu personnel par le canal des systemes d'impots et de transferts. A partir d'une enquete par echantillon permanent pour la periode de 1983 a 2001, il s'avere que les systemes d'impot et de transferts nationaux reduisent l'impact defavorable sur le revenu d'un krona de sorte que le revenu disponible ne diminue que de 90 ore, en moyenne. Cependant, il existe des ecarts regionaux, l'impact sur le revenu disponible allant de 78 a 93 ore par krona. Une etude de la sensibilite de la stabilite des estimations dans le temps laisse supposer que l'ajustement des reglementations du systeme de transferts en 1991, associe a la reforme fiscale de la meme annee, aurait pu influencer l'importance des transferts comme moyen d'eponger les risques, alors que les preuves quant a une rupture structurelle due a la reforme fiscale elle- meme s'averent moins concluantes. Andersson L. (2004) Vom Steuersystem vorgesehene, regional bestimmte Risikobeteiligung: Empirische Beweise aus Schweden, Reg. Studies38, 269-280. Dieser Aufsatz beabsichtigt, die Risikobeteiligung von Gemeinden in Schweden im Hinblick auf die Art und Weise zu analysieren, in der die Landesregierung personliche Einkommen durch Steuer-und Uberschreibungssysteme reibungslos gestaltet. Mit Hilfe von Datenlisten fUr den Zeitraum 1983-2001 wird festgestellt, dass die staatlichen Steuer-und Uberschreibungssysteme einen unangenehmen Schock so mildern, dass bei einem Einkommen von einer Krone das verfUgbare Einkommen im Durchschnitt um 90 ore fallt. Es gibt jedoch Unterschiede von einer Region zur andern, wodurch die Auswirkung der Besteuerung verfUgbarer Einkommen von 78 bis 93 ore pro Krone reicht. Eine Empfindlichkeitsanalyse der Stabilitat der Schatzungen Uber einen Zeitraum hinweg legt nahe, dass die Anpassung der Regeln des Uberschreibungssystems im Jahre 1991 im Zusammenhang mit der Steuerreform des gleichen Jahres die Bedeutung der LandesUberschreibungen als Mittel zur Absorbierung von Risiken beeinflugt haben massen, wohrend der Beweis einer strukturellen anderung als Ergebnis der Steuerreform selbst weniger Uberzeugend ausfiel. Andersson L. (2004) Aseguramiento regional proporcionado por el sistema fiscal: evidencia empirica de Suecia, Reg. Studies38, 269-280. El objetivo de este articulo es analizar el aseguramiento de los ingresos entre varios municipios de Suecia en lo que se refiere a como el govierno central suaviza los ingresos personales por medio de sistemas de impuestos y de transferencias. Utilizando datos panel para el periodo 1983-2001, descubrimos que los sistemas de impuestos y de transferencias nacionales mitigan un impacto adverso en los ingresos de una krona por lo que la renta disponible se devalua por 90 ore, como promedio. Sin embargo, existen diferencias entre regiones, donde el efecto en la renta disponible varia entre 78 y 93 ore con respecto a la krona. Un analisis de sensibilidad de la estabilidad de las estimaciones intertemporales sugiere que el ajuste de las reglas del sistema de transferencias en 1991, asociada con la reforma de los impuestos ese mismo ano, puede haber influido en la importancia de las transferencias nacionales como medio de absorcion de riesgo, mientras que la evidencia de una ruptura estructural debido a la reforma de los impuestos es menos concluyente.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Regional Studies.

    Volume (Year): 38 (2004)
    Issue (Month): 3 ()
    Pages: 269-280

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    Handle: RePEc:taf:regstd:v:38:y:2004:i:3:p:269-280

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    Related research

    Keywords: Income Risk-sharing; Redistribution; Taxes; Transfers;

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    Cited by:
    1. Masayoshi Hayashi, 2012. "Channels of Stabilization in a System of Local Public Health Insurance: The Case of the National Health Insurance in Japan," CIRJE F-Series CIRJE-F-847, CIRJE, Faculty of Economics, University of Tokyo.
    2. Andersson, Linda, 2004. "Output Smoothing between Regions in Sweden," UmeÃ¥ Economic Studies 643, Umeå University, Department of Economics.

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