An analysis of the effect of fiscal expenditure on the income distribution of Chilean households
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Fecha
2023-12
Autores
Profesor/a Guía
Facultad/escuela
Idioma
en
Título de la revista
ISSN de la revista
Título del volumen
Editor
Springer
Nombre de Curso
Licencia CC
Attribution 4.0 International (CC BY 4.0)
Licencia CC
https://creativecommons.org/licenses/by/4.0/
Resumen
This study analyzes the effect of government spending on income distribution in Chile for 2016 using a multiplier model with the Social Accounting Matrix. The results indicate that increasing fiscal expenditure has a regressive effect on the income share of households in the richest quintile and widens the income gap between the two poorest quintiles and the third and fourth quintiles. When the effect of fiscal expenditure is measured by its nominal impact, households with the highest income receive approximately ten times more income than those with the lowest income. Thus, the regressivity of the income share of the richest households conceals an unequal distribution of the nominal income generated by the fiscal expenditure. Using counterfactual simulations, we suggested that fiscal expenditures could become more equalitarian through policies affecting the distribution of labor payments. © 2023, The Author(s).
Notas
Indexación: Scopus.
Palabras clave
Chile, Fiscal expenditure, Fiscal redistribution, Income distribution, Multiplier model, Social accounting matrix
Citación
Journal of Economic Structures, Volume 12, Issue 1, December 2023, Article number 8
DOI
10.1186/s40008-023-00302-1