Redistribution Policy and Social Welfare: A View from Macroeconomics

This paper evaluates the effects of redistribution policies on macroeconomic performance, income distribution and social welfare using three alternative social welfare criteria (Pareto's, Rawls' and a mixed one), and establishes the link between the above and the ruler's optimal polic...

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Autores:
Posada, Carlos Esteban
Tipo de recurso:
Fecha de publicación:
2022
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/30905
Acceso en línea:
http://hdl.handle.net/10784/30905
Palabra clave:
income distribution
income tax
subventions
interest rate
social welfare criteria
distribución del ingreso
impuestos al ingreso
subsidios
tasa de interés
criterios de bienestar social
Rights
License
Acceso abierto
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2022-03-09T22:55:28Z2022-03-092022-03-09T22:55:28Zhttp://hdl.handle.net/10784/30905D31D33D61D63E20E25E43E62I31This paper evaluates the effects of redistribution policies on macroeconomic performance, income distribution and social welfare using three alternative social welfare criteria (Pareto's, Rawls' and a mixed one), and establishes the link between the above and the ruler's optimal policy. The main conclusions are the following: 1) a negative effect of redistribution through taxation and subsidies is the increase in the interest rate; 2) as a society advances in the process of wealth redistribution, there comes a time when the ruler faces a trade-off: to maintain this process or to avoid losses in social welfare.Este trabajo evalúa los efectos de políticas redistributivas sobre los resultados macroeconómicos, la distribución del ingreso y el bienestar utilizando tres criterios de bienestar social (el de Pareto, el de Rawls y uno mixto), y establece el vínculo entre lo anterior y la política óptima del gobernante. Las principales conclusiones son: 1) un efecto negativo de la redistribución a través de impuestos y subsidios es el aumento de la tasa de interés; 2) a medida que una sociedad avanza en el proceso de redistribución, llega el momento en que el gobernante se enfrenta a un dilema: mantener este proceso o evitar pérdidas en el bienestar social.engUniversidad EAFITEscuela de Economía y FinanzasRedistribution Policy and Social Welfare: A View from MacroeconomicsworkingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2income distributionincome taxsubventionsinterest ratesocial welfare criteriadistribución del ingresoimpuestos al ingresosubsidiostasa de interéscriterios de bienestar socialPosada, Carlos EstebanUniversidad EAFITLICENSElicense.txtlicense.txttext/plain; charset=utf-82556https://repository.eafit.edu.co/bitstreams/43a32c7b-3494-43be-9143-b84f5ae7b1ec/download76025f86b095439b7ac65b367055d40cMD51ORIGINALWorkingpaper Esteban Posada.pdfWorkingpaper Esteban Posada.pdfapplication/pdf1354643https://repository.eafit.edu.co/bitstreams/399cb25b-2b1e-4d27-bbd7-040eb91dbc3a/download134c7bf4558f44a7f38c9b9c718fab45MD5210784/30905oai:repository.eafit.edu.co:10784/309052024-03-05 14:06:32.693open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Redistribution Policy and Social Welfare: A View from Macroeconomics
title Redistribution Policy and Social Welfare: A View from Macroeconomics
spellingShingle Redistribution Policy and Social Welfare: A View from Macroeconomics
income distribution
income tax
subventions
interest rate
social welfare criteria
distribución del ingreso
impuestos al ingreso
subsidios
tasa de interés
criterios de bienestar social
title_short Redistribution Policy and Social Welfare: A View from Macroeconomics
title_full Redistribution Policy and Social Welfare: A View from Macroeconomics
title_fullStr Redistribution Policy and Social Welfare: A View from Macroeconomics
title_full_unstemmed Redistribution Policy and Social Welfare: A View from Macroeconomics
title_sort Redistribution Policy and Social Welfare: A View from Macroeconomics
dc.creator.fl_str_mv Posada, Carlos Esteban
dc.contributor.author.none.fl_str_mv Posada, Carlos Esteban
dc.contributor.affiliation.spa.fl_str_mv Universidad EAFIT
dc.subject.keyword.eng.fl_str_mv income distribution
income tax
subventions
interest rate
social welfare criteria
topic income distribution
income tax
subventions
interest rate
social welfare criteria
distribución del ingreso
impuestos al ingreso
subsidios
tasa de interés
criterios de bienestar social
dc.subject.keyword.spa.fl_str_mv distribución del ingreso
impuestos al ingreso
subsidios
tasa de interés
criterios de bienestar social
description This paper evaluates the effects of redistribution policies on macroeconomic performance, income distribution and social welfare using three alternative social welfare criteria (Pareto's, Rawls' and a mixed one), and establishes the link between the above and the ruler's optimal policy. The main conclusions are the following: 1) a negative effect of redistribution through taxation and subsidies is the increase in the interest rate; 2) as a society advances in the process of wealth redistribution, there comes a time when the ruler faces a trade-off: to maintain this process or to avoid losses in social welfare.
publishDate 2022
dc.date.available.none.fl_str_mv 2022-03-09T22:55:28Z
dc.date.issued.none.fl_str_mv 2022-03-09
dc.date.accessioned.none.fl_str_mv 2022-03-09T22:55:28Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/30905
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dc.language.iso.eng.fl_str_mv eng
language eng
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/43a32c7b-3494-43be-9143-b84f5ae7b1ec/download
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bitstream.checksum.fl_str_mv 76025f86b095439b7ac65b367055d40c
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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