TAILIEUCHUNG - Lecture Public finance (10/e): Chapter 12 - Harvey S. Rosen, Ted Gayer

Chapter 12 - Income redistribution: Conceptual issues. The following will be discussed in this chapter: The distribution of money income among households, who is poor? interpreting the distributional data issues, rationale for income distribution, implications for income inequality. | INCOME REDISTRIBUTION: CONCEPTUAL ISSUES Chapter 12 The Distribution of Money Income Among Households Source: US Bureau of the Census [2011a] Note: These figures do not include the value of in-kind transfers. 12- Who is Poor? Source: US Bureau of the Census, [2012a] 12- . Poverty Rate Source: US Bureau of the Census [2012a] 12- Interpreting the Distributional Data Issues Poverty Line: fixed level of real income considered enough to provide a minimally adequate well-being Census income on which poverty level is based consists only of family’s cash receipts In-kind transfers Official figures ignore taxes Income measured annually Consumption data may provide better assessment of well-being Problems defining unit of observation 12- Rationale for Income Distribution Simple Utilitarianism Utilitarian Social Welfare Function: W = F(U1, U2, , Un) “Promote Greatest Good for Greatest Number” Additive Social Welfare Function W = U1 + U2 + + Un .

• Tài chính doanh nghiệp
• Public finance
• Lecture Public finance
• Public expenditure
• Income redistribution
• Distributional dataissues
• Income inequality
• Public Economics
• Federal system
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• Public good
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• Public education
• Tiebout model
• Public sector economics
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• Interpreting deficit
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• Neoclassical model
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