Income Redistribution: An International Perspective
Many view global income inequality as a problem. Income redistribution from the rich countries to poor countries is often offered as a solution. However, such redistribution would have to be politically acceptable to voters in rich countries to occur. Using a constructed distribution of world income, the authors show that even modest income redistribution efforts would impose significant costs on taxpayer-voters in rich countries. They conclude such income redistribution is unlikely. Copyright 1996 by Kluwer Academic Publishers
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Volume (Year): 89 (1996)
Issue (Month): 3-4 (December)
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