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Informal employment, income distribution and fiscal policy

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dc.description.abstract We develop a DSGE model of the Colombian economy to assess the effect of tax policy on informal employment and income distribution.The model recreates a small open economy, with persistent income inequality, a substantial degree of informality, and different possibilities of government intervention. This paper evaluates the consequences of government transfer payments to households with lower incomes. We find that although transfer payments have a positive effect on income distribution, financing them requires an adjustment in government finances (cut spending or increase revenue through the use of various taxes), which have negative effects on the economic as a whole. en
dc.title Informal employment, income distribution and fiscal policy en
dc.contributor.author Botero, Jesús
dc.contributor.author Hurtado Rendón, Alvaro
dc.contributor.author Vargas, Christian
dc.contributor.author Franco, Humberto
dc.date.accessioned 2014-10-23T19:10:47Z
dc.date.available 2014-10-23T19:10:47Z
dc.date.issued 2014-10-23
dc.identifier.uri http://hdl.handle.net/123456789/12561
dc.description Working Paper
dc.language.iso en
dc.subject Macroeconomic policy
dc.subject Employment
dc.subject Taxes
dc.subject Income distribution
dc.subject Informality
dc.type Article
lacea.language.supported en


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