Fiscal policy and social welfare
Subtitle: an analysis of alternative tax and transfer systems
By: John Creedy.
Publisher: E. Elgar
Published: 1996
Place of publication: Cheltenham, UK; Brookfield, Vt., US
Language: eng
Number of pages: 260
Subjects: Tax incidence -- Mathematical models.; Taxation -- Mathematical models.; Income distribution -- Mathematical models.; Transfer payments -- Mathematical models.
Description: In Fiscal Policy and Social Welfare John Creedy examines alternative tax and transfer systems and their redistributive effects.

Drawing on original research, this volume concentrates on the modelling of tax structures and the implications for social welfare and income distribution. After reviewing various inequality and tax progressivity measures, as well as social welfare functions, the discussion moves systematically from a framework with fixed labour supplies to one in which labour supplies respond to the changes in the tax system. Attention is given to taxes in a multi-period context, including the treatment of pension schemes.

Finally, the analysis is extended to a general equilibrium framework involving many individuals. Extensive use is made of numerical examples and diagrams.

. Researchers, students and policy makers will welcome this rigorous and consistent treatment of alternative tax and transfer systems and their effects on social welfare, income distribution and tax progressivity, in both partial and general equilibrium contexts.
Notes: Includes bibliographical references (p. 251-258) and index.