Replication data for: Fiscal Policy and Economic Inequality in the U.S. States: Taxing and Spending from 1976 to 2006
Harvard Dataverse (Africa Rice Center, Bioversity International, CCAFS, CIAT, IFPRI, IRRI and WorldFish)
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Title |
Replication data for: Fiscal Policy and Economic Inequality in the U.S. States: Taxing and Spending from 1976 to 2006
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Identifier |
https://doi.org/10.7910/DVN/29770
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Creator |
Hayes, Thomas
Medina Vidal, Xavier |
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Publisher |
Harvard Dataverse
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Description |
To what extent can state governments influence economic inequality? How do state fiscal policies of redistribution affect families in different economic situations? Using a large database of state fiscal policymaking tools (taxing and spending) between 1976 and 2006 we examine the effect of these tools on state level inequality as well as the average incomes of families in different economic groups. We find that state taxing and spending efforts can influence these indicators of economic inequality, though these fiscal policy tools can have differential effects. Spending on unemployment compensation and cash assistance as well as revenue from taxes on corporations are found to reduce state level inequality. We also find unemployment compensation to positively benefit the bottom 10th percentile of income earners, while the inheritance tax helps all income groups. Corporate tax revenue is associated with higher middle class incomes, while income tax revenue benefits both middle and upper incomes. Sales tax revenue positively benefits wealthy earners. Higher property tax revenue is associated with decreased income for all groups. These results suggest that state governments can affect redistribution through fiscal policies by affecting both state level inequality as well as the economic fortunes of different income groups.
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Subject |
U.S. state politics
economic inequality fiscal policy redistribution |
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Date |
2015
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