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    Chapter

    Inequality and Economic Growth: A Literature Review

    The relationship between income inequality and economic growth, which is one of significant features of this day and age, has attracted much attention from scholars. Different countries with different growth e...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Demography and Income Inequality

    This paper analyzes the impact of population aging on income inequality. Demographic changes increase the demand for expenditure rather than income taxes, leading to a rise in income inequality since expenditu...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Inequality and Government Debt

    This paper analyzes how government debt can be caused by changes in the income distribution. Unlike Azzimonti et al. (Am Econ Rev 104(8):2267–2302, 2014), I distinguish between income inequality induced by dif...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Population Aging and the Composition of Taxes: Evidence from International Panel Data

    This paper analyzes the impact of population aging on the composition of taxes. When the median voter is of working age, then population aging increases the demand for expenditure rather than income taxes in o...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Demography and Government Debt

    This paper analyzes the impact of population aging on government debt. The paper argues that government debt is not induced by a large size of government spending, in particular in an era of a steady size of g...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Population Aging and the Composition of Taxes: A Political Economy Theory

    This paper analyzes the impact of population aging on the composition of taxes in an overlap** generations model. Taxes are levied on both income and expenditure, with the median voter being pivotal in the p...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Youthful Dependents and the Composition of Taxes

    This paper analyzes how the younger demographic structure affects the composition of taxes. We introduce a model which features unbalanced fertility in the distribution of income. The model theorizes that a hi...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Demography and Economic Growth: The Effect of Tax Composition

    This chapter analyzes the impact of demography on economic growth in two aspects. First, several theories document the negative effect of population aging on economic growth, either due to the smaller size of ...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Inequality and the Size of US State Government

    The median voter theory of government size argues that increased income inequality brings about greater demand for redistribution (Meltzer and Richard in J Polit Economy 89(5):914–927, 1981). However, this pre...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Inequality and Economic Growth in the Twenty-First Century

    This paper analyzes how economic growth can be caused by changes in the income distribution. Persson and Tabellini (1994) argue that productivity-induced income inequality leads to lower growth since distortionar...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Tax Composition and Economic Growth in the Age of Demographic Change

    This study analyses the impact of the relative use of distortionary and non-distortionary taxes on economic growth using a panel of Organisation for Economic Co-operation and Development (OECD) countries and a...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)

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    Chapter

    Inequality and Government Size: A Political Economy Theory and OECD Evidence

    The median voter theory of government size predicts that greater inequality leads to greater demand for redistribution and larger government Meltzer and Richard in J Polit Econ 89(5), 914–927 (1981). However, ...

    Weijie Luo in Inequality, Demography and Fiscal Policy (2023)