Professor Meng Li – Professor Chengrui Xiao | Protecting Workers’ Welfare and Economic Efficiency through Equitable Fiscal Policies

Apr 17, 2024 | business and economy

About this episode

In most developed countries and major developing countries, there has been a recent increase in income and wealth inequality. A small, affluent pocket of the population obtains their income from salary and assets, whilst the larger, less affluent population receives only labour earnings. Because of these different sources of income, it is likely that economic shocks and resulting fiscal policies affect these groups in different ways. Policy experiments are a tool used by economists to explore the impact of different fiscal policies, such as taxation and public spending. For example, they might seek to understand policy responses to economic expansions and contractions, and their outcomes on inequality. Read More

Original Article Reference

Summary of the article ‘Income sources, cyclical behaviors of fiscal policy, and welfare conflict’ in Macroeconomic Dynamics, doi.org/10.1017/S1365100522000621

Contact

For further information, you can connect with Meng Li at mengli@cityu.edu.mo or Chengrui Xiao at xiaochengrui2005@126.com

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