Inequality, Taxation, and Sovereign Default Risk (Record no. 133318)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01229nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240625b |||||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Deng, Minjie |
| 245 ## - TITLE STATEMENT | |
| Title | Inequality, Taxation, and Sovereign Default Risk |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Name of publisher, distributor, etc. | American Economic Journal: Macroeconomics |
| Date of publication, distribution, etc. | 2024 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 217–49 |
| 520 ## - Abstract | |
| Abstract | Income inequality and worker migration significantly affect sovereign default risk. Governments often impose progressive taxes to reduce inequality, which redistribute income but discourage labor supply and induce emigration. Reduced labor supply and a smaller high-income workforce erode the current and future tax base, reducing government's ability to repay debt. I develop a sovereign default model with endogenous nonlinear taxation and heterogeneous labor to quantify this effect. In the model, the government chooses the optimal combination of taxation and debt, considering its impact on workers' labor and migration decisions. Income inequality accounts for one-fifth of the average US state government spread. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Economics |
| -- | Macroeconomics |
| -- | Taxation and Subsidies |
| -- | Personal Income |
| -- | Wealth |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://www.aeaweb.org/articles?id=10.1257/mac.20210133">https://www.aeaweb.org/articles?id=10.1257/mac.20210133</a> |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Article Index |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| -- | 118966 |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Barcode | Date last seen | Price effective from | Koha item type |
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| Dewey Decimal Classification | Dr VKRV Rao Library | Dr VKRV Rao Library | 25/06/2024 | Vol. 16, No. 2 | AI25 | 25/06/2024 | 25/06/2024 | Article Index |