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http://worldcat.org/entity/work/id/1034855920

Income inequality, tax base and sovereign spreads

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http://worldcat.org/entity/person/id/2642133489

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http://worldcat.org/entity/person/id/2632267710

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"This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads. Using data from 50 countries in 2007, 2009 and 2011, we find that higher income inequality is associated with a lower tax base, lower de-facto fiscal space, and higher sovereign spreads. The economic magnitude of these effects is large: at the margin, a one point of the Gini coefficient of inequality (in a scale of 0-100), is associated in 2011 with a lower tax base of 2 percent of the GDP, and with a higher sovereign spread of 45 basis points."

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"Income inequality, tax base and sovereign spreads"@en
"Income inequality, tax base and sovereign spreads"

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