Economic uncertainty and redistribution

Oscar Claveria and Petar Soric ()
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Petar Soric: University of Zagreb

No 202405, AQR Working Papers from University of Barcelona, Regional Quantitative Analysis Group

Abstract: This study examines the relationship between economic uncertainty and the redistributive effect of taxes and government transfers in the UK and the US over the period 1980-2021. We find that the sign of the relationship between uncertainty and redistribution goes from being negative at the beginning of the 1980s to taking a positive and significant sign in recent years. In the US, economic uncertainty Granger-causes the redistributive effect of taxes and transfers in the short run, but the same does not hold for the UK.

Keywords: economic uncertainty; redistributive policy; income inequality; taxes; government transfers. JEL classification: C50; D30; E62; H50 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2024-11, Revised 2024-11
New Economics Papers: this item is included in nep-his, nep-pbe and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:aqr:wpaper:202405

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