By Alberto Alesina
ISBN-10: 0199267669
ISBN-13: 9780199267668
ISBN-10: 0199286108
ISBN-13: 9780199286102
ISBN-10: 1429421843
ISBN-13: 9781429421843
During this this well timed research of different techniques of the USA and Europe to the issues of family inequality and poverty, the authors describe simply how various the 2 continents are within the point of kingdom engagement within the redistribution of source of revenue. They speak about a number of attainable fiscal motives for the variation, together with diversified degrees of pre-tax source of revenue, openness, and social mobility; they survey politico-historical variations similar to the various actual measurement of countries, their electoral and felony platforms, and the nature in their political events, in addition to their reports of warfare; they usually learn sociological factors which come with varied attitudes to the negative and notions of social accountability, in addition to, most significantly, attitudes to race.
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Extra info for Fighting Poverty in the US and Europe: A World of Difference
Example text
Public pension system is less targeted toward reducing inequality than European systems. Note that especially for poor retirees, pensions are a very large fraction of total income after retirement, close to 100 percent in many cases. Therefore, the effect of the pension system on the distribution of income among the elderly is predominant, especially on the lower half of the income ladder. 4. Evidence from the Luxembourg income study The Luxembourg income study is a study of the incomes over time of a representative sample of individuals in several OECD countries.
Apart from the fact that the two tables refer to different years, the definitions of the two items differ. 1. 1. 3 As shown by Alesina, Dennönger, and Rostagno (1999). Italy offers a prime example of this mechanism. 19 Fighting Poverty in the US and Europe In all categories except health, the United States spends a smaller portion of GDP than the European average. The differences are particularly large in family allowances, unemployment compensation, and other labor market programs. 5 percent. 2.
Child benefits are available in Germany and Sweden for every parent, without regard to income, until the child reaches eighteen (in Germany) or sixteen (in Sweden), but those limits can be extended if the child pursues higher education. By contrast, family allowances do not exist in the United States. The United States does have a fixed child tax credit ($600 per child in 2001), and the amount of the earned income tax credit increases with the number of children in the family (but is available only to low-income workers).
Fighting Poverty in the US and Europe: A World of Difference by Alberto Alesina
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