1887

Documents de travail de l'OCDE sur les questions sociales, l'emploi et les migrations

Cette série a pour objectif de diffuser auprès d’un grand nombre de lecteurs un choix d’études traitant du marché du travail, des politiques sociales et des migrations à usage interne. Il s’agit généralement d’un travail collectif, mais les noms des principaux auteurs sont cités. En général, ces documents de travail existent uniquement en version originale – anglais ou français – avec un résumé dans l’autre langue.

English, French

Redistribution from a joint income-wealth perspective

Results from 16 European OECD countries

Redistributive analyses typically use household income as the main reference variable to rank households and to assess their tax liabilities and benefit entitlements. However, the importance of wealth, and the potential redistributive effects of wealth-related taxation, are increasingly recognised. By using data from the Household Finance and Consumption Survey (HFCS) as input data for the tax-benefit microsimulation model EUROMOD, we assess the redistributive effects of taxes and benefits against the joint income-wealth distribution for 16 European OECD countries. This is a new approach that extends indicators developed in the asset-based poverty literature. We study wealth-related taxes alongside other tax-benefit instruments. The analysis allows us to gain insight into which types of policies are redistributive in which institutional settings taking account of the distribution of both income and wealth. This paper extends our pilot study of six countries (Kuypers, Figari, & Verbist, 2019), and updates it to 2017 policies.

English

JEL: D31: Microeconomics / Distribution / Personal Income, Wealth, and Their Distributions; I30: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / Welfare, Well-Being, and Poverty: General; H24: Public Economics / Taxation, Subsidies, and Revenue / Personal Income and Other Nonbusiness Taxes and Subsidies
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