Effects on taxation on the forecasting of income inequality: Evidence from Germany, Greece, and Italy | Zendy

Guglielmo D’Amico | Zendy; Biase Di | Zendy; Raimondo Manca | Zendy

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Effects on taxation on the forecasting of income inequality: Evidence from Germany, Greece, and Italy

Author(s) -

Guglielmo D’Amico,

Biase Di,

Raimondo Manca

Publication year - 2013

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan1306707a

Subject(s) - economics , theil index , income distribution , welfare , redistribution (election) , inequality , economic inequality , redistribution of income and wealth , income inequality metrics , distribution (mathematics) , econometrics , adjusted gross income , net national income , gross income , personal income , total personal income , macroeconomics , public economics , state income tax , tax reform , unemployment , mathematics , mathematical analysis , politics , political science , law , market economy

In this paper, we investigate the impact of the fiscal system on wealth redistribution in Germany, Greece, and Italy. We demonstrate the application of the model to the data of the quoted countries. We obtain the gross income distributions by starting from the net income distributions downloaded from the Eurostat website and by using the individual income tax rates of each country. We evaluate the Dynamic Theil's Entropy that allows us to recover the total inequality between the net and gross income distributions for each of these countries. Such a comparison allowed us to understand how the fiscal systems affect wealth distribution. These results can be used for planning welfare policies

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