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Economic uncertainty and redistribution

Author

Listed:
  • Oscar Claveria

    (AQR-IREA, Universitat de Barcelona, Spain.)

  • Petar Soric

    (Faculty of Economics and Business, University of Zagreb, Croatia.)

Abstract

This study examines the relationship between economic uncertainty and the redistributive effect of taxes and government transfers in the UK and the US over the period 1980-2021. We find that the sign of the relationship between uncertainty and redistribution goes from being negative at the beginning of the 1980s to taking a positive and significant sign in recent years. In the US, economic uncertainty Granger-causes the redistributive effect of taxes and transfers in the short run, but the same does not hold for the UK.

Suggested Citation

  • Oscar Claveria & Petar Soric, 2024. "Economic uncertainty and redistribution," IREA Working Papers 202414, University of Barcelona, Research Institute of Applied Economics, revised Feb 2024.
    • Handle: RePEc:ira:wpaper:202415
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    File URL: http://www.ub.edu/irea/working_papers/2024/202415.pdf
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    More about this item

    Keywords

    economic uncertainty; redistributive policy; income inequality; taxes; government transfers. JEL classification: C50; D30; E62; H50.;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • D30 - Microeconomics - - Distribution - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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