Economics, Econometrics and Finance
2 years ago

Redistribution of income and wealth: Shaping economic equality for all.

The New Palgrave Dictionary of Economics
redistribution of income and wealth
F.A. Cowell

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The article discusses the concept of redistributing income and wealth. It looks at how changes in income and wealth distribution can happen over time or through taxes and transfers. The main focus is on why policymakers might want to redistribute wealth, what they aim to achieve, what should be redistributed, and the tools they can use. The article also explores how effective these policies are in practice.