Lecture note Public finance (10th Edition) - Chapter 12: Income redistribution: Conceptual issues
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In this chapter, the following content will be discussed: Poverty rates in the U.S. vary greatly by age, race, ethnicity, and gender; measuring the extent of poverty is difficult for various reasons; the rationale for redistributing income stems from attempts to maximize a social welfare function; determining the impact of income redistribution on real incomes is difficult primarily due to changes in relative prices resulting from the redistribution.
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Lecture note Public finance (10th Edition) - Chapter 12: Income redistribution: Conceptual issues
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Lecture note Public finance (10th Edition) - Chapter 12: Income redistribution: Conceptual issues
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