English, Article edition: The Dynamics of Exclusion and Fiscal Conservatism Gilles Saint-Paul

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The Dynamics of Exclusion and Fiscal Conservatism
Author
  • Gilles Saint-Paul
Physical Description
  • article
Notes
  • This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality essentially affects the bottom of the income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated will less, rather than more, redistributive taxation. Furthermore, if the poor are liquidity constrained then the positive association between inequality and fiscal conservatism will increase the persistence in the dynamics of income distribution and possibly lead to multiple steady states. (Copyright: Elsevier)
  • political economy; income distribution; human capital; poverty; exclusion; inequality; path dependence
  • RePEc:red:issued:v:4:y:2001:i:2:p:275-302
Language
  • English
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