IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this paper

Asset-Centred Redistributive Policies for Sustainable Development

Listed author(s):
  • Kohler, Pierre
Registered author(s):

    The objective of this discussion paper is to propose an asset-centred analytical framework for (i) mapping the most important redistributive policy tools that shape the distribution of income and income-generating assets (such as human capital and wealth, including land, industrial or financial capital) across individuals as well as between the private and the public sector and (ii) outlining key linkages between redistributive policies, equity and sustainable development by looking at how they can shape a socio-economic context and incentives that are conducive to financial stability and economic development, political inclusion, gender equality and social mobility, as well as environmental sustainability. The paper further aims at (iii) contrasting the potential scope of redistributive policies with the more narrow set of policies that have been implemented in most countries/regions over the last 30 years in order to (iv) derive recommendations for redistributive policies in support of greater equity and sustainable development in the post-2015 context. Conceptualizing redistributive policies from a stock-flow perspective reveals an artificial blind spot of the prevailing approach to redistribution and development: wealth redistribution. The prevailing approach generally covers income redistribution and the provision of public goods as a means to foster human capital accumulation (e.g., the MDGs approach), but it ignores wealth redistribution. This omission impoverishes the understanding of redistribution and hampers the design of redistributive policies in pursuit of development objectives (e.g., efficient taxation, progressive and increased revenue mobilization, poverty reduction, equality of opportunity, etc.). Furthermore, conceptualizing redistributive policies in light of their linkages to equity and sustainable development is increasingly needed given the upcoming transition from the MDGs to SDGs in a context characterised by sustainability challenges, such as rising income inequality, wealth concentration and growing carbon emissions. In this regard, an asset-centred model allows thinking beyond redistributive policy options affecting production and consumption incentives (e.g., progressive environmental taxes) in order to consider possible asset transfers between the private and public sector (e.g., socialization of natural resource ownership, etc.). Based on these premises, this paper suggests a number of steps for developing a more comprehensive approach to redistribution and moving towards a framework enabling asset-centred redistributive policies for greater equity, economic democracy and sustainable development.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: https://mpra.ub.uni-muenchen.de/55357/1/MPRA_paper_55357.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/55620/2/MPRA_paper_55620.pdf
    File Function: revised version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/59470/1/MPRA_paper_59470.pdf
    File Function: revised version
    Download Restriction: no

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 55357.

    as
    in new window

    Length:
    Date of creation: Apr 2014
    Handle: RePEc:pra:mprapa:55357
    Contact details of provider: Postal:
    Ludwigstraße 33, D-80539 Munich, Germany

    Phone: +49-(0)89-2180-2459
    Fax: +49-(0)89-2180-992459
    Web page: https://mpra.ub.uni-muenchen.de

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as
    in new window


    1. Cristea, Anca & Hummels, David & Puzzello, Laura & Avetisyan, Misak, 2013. "Trade and the greenhouse gas emissions from international freight transport," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 153-173.
    2. Fukuda-Parr, Sakiko & Greenstein, Joshua & Stewart, David, 2013. "How Should MDG Success and Failure be Judged: Faster Progress or Achieving the Targets?," World Development, Elsevier, vol. 41(C), pages 19-30.
    3. Prichard, Wilson & Brun, Jean-François & Morrissey, Oliver, 2013. "Donors, Aid and Taxation in Developing Countries: An overview," Working Papers 11258, Institute of Development Studies, International Centre for Tax and Development.
    4. Niels Johannesen & Gabriel Zucman, 2014. "The End of Bank Secrecy? An Evaluation of the G20 Tax Haven Crackdown," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 65-91, February.
    5. Edward Wolff & Ajit Zacharias, 2009. "Household wealth and the measurement of economic well-being in the United States," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 7(2), pages 83-115, June.
    6. Joshi, Anuradha & Prichard, Wilson & Heady, Christopher, 2013. "Taxing the Informal Economy: Challenges, Possibilities and Remaining Questions," Working Papers 11257, Institute of Development Studies, International Centre for Tax and Development.
    7. Dayle Siu, Erika & Nalukwago, Milly Isingoma & Surahmat, Rachmanto & Pereira Valadão, Marcos Aurélio, 2014. "Unitary Taxation in Federal and Regional Integrated Markets," Working Papers 12778, Institute of Development Studies, International Centre for Tax and Development.
    8. Joshi, Anuradha & Prichard, Wilson & Heady, Christopher, 2012. "Taxing the Informal Economy: Challenges, Possibilities and Remaining Questions," Working Papers 2309, Institute of Development Studies, International Centre for Tax and Development.
    9. Nancy Birdsall & Nora Lustig & Darryl McLeod, 2011. "Declining Inequality in Latin America: Some Economics, Some Politics," Working Papers 1120, Tulane University, Department of Economics.
    10. Gabriel Zucman, 2013. "The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors?," The Quarterly Journal of Economics, Oxford University Press, vol. 128(3), pages 1321-1364.
    11. Frederick Solt, 2009. "Standardizing the World Income Inequality Database," LIS Working papers 496, LIS Cross-National Data Center in Luxembourg.
    12. Thomas Piketty, 2013. "Le capital au XXIe siècle," Post-Print halshs-00979232, HAL.
    13. Moore, Mick, 2013. "Obstacles to Increasing Tax Revenues in Low Income Countries," Working Papers 4666, Institute of Development Studies, International Centre for Tax and Development.
    14. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," The Quarterly Journal of Economics, Oxford University Press, vol. 129(3), pages 1255-1310.
    15. Moore, Mick, 2014. "Will Changes to the international Tax System Benefit Low-income Countries?," Working Papers 12796, Institute of Development Studies, International Centre for Tax and Development.
    16. Florian Wöhlbier & Caterina Astarita & Gilles Mourre, 2014. "Consolidation on the revenue side and growth-friendly tax structures: an indicator based approach," European Economy - Economic Papers 2008 - 2015 513, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    17. Franziska Gassmann, 2011. "Protecting Vulnerable Families in Central Asia: Poverty, vulnerability and the impact of the economic crisis," Papers inwopa639, Innocenti Working Papers.
    18. Timothy C Irwin, 2012. "Accounting Devices and Fiscal Illusions," IMF Staff Discussion Notes 12/02, International Monetary Fund.
    19. Facundo Alvaredo & Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2013. "The Top 1 Percent in International and Historical Perspective," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 3-20, Summer.
    20. Alvaredo, Facundo, 2011. "A note on the relationship between top income shares and the Gini coefficient," Economics Letters, Elsevier, vol. 110(3), pages 274-277, March.
    21. Prichard, Wilson & Brun, Jean-Francois & Morrissey, Oliver, 2012. "Donors, Aid and Taxation in Developing Countries: An Overview," Working Papers 2307, Institute of Development Studies, International Centre for Tax and Development.
    22. Palan, R. & Nesvetailova, A., 2013. "The Governance of the Black Holes of the World Economy: Shadow Banking and Offshore Finance," CITYPERC Working Paper Series 2013-03, Department of International Politics, City University London.
    23. repec:zbw:esthes:157991 is not listed on IDEAS
    24. Palma, J.G., 2011. "Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about," Cambridge Working Papers in Economics 1111, Faculty of Economics, University of Cambridge.
    25. Picciotto, Sol, 2013. "Is the International Tax System Fit for Purpose, Especially for Developing Countries?," Working Papers 10246, Institute of Development Studies, International Centre for Tax and Development.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:55357. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.