The distributional impact of recurrent immovable property taxation in Greece
Keywords:
Property taxation, Inequality, Poverty, progressivity, GreeceAbstract
During the last decade, Greece faced one of the most severe debt crises among developed countries, leading to Economic Adjustment Programs in order to avoid a disorderly default. Public expenditure was cut, tax rates were increased and new taxes were introduced, aiming at restoring public finances. Prominent among the latter were recurrent property taxes that had played a very minor role before the crisis. These taxes helped to boost public revenues but were hugely unpopular. The paper examines in detail their distributional impact and finds that they led to increases in inequality and (relative) poverty. The result is stronger in the case of inequality indices that are relatively more sensitive to changes close to the bottom of the distribution and poverty indices that are sensitive to the distribution of income among the poor.
Additional Files
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Eirini Andriopoulou, Eleni Kanavitsa, Chrysa Leventi, Panos Tsakloglou
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright Notice
Public Sector Economics (PSE) is a an Open Access Journal licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, which permits use and redistribution (commercial and non-commercial), as long as the licensed work is passed along unchanged and in whole, with credit to PSE as original publisher.
Authors retain the copyright on the papers published in PSE but grant the right of first publication to the journal.
Papers published in PSE can be re-published only exceptionally and in unaltered form, e.g., as a chapter in a volume of an author’s collected papers, or as an unabridged translation for educational purposes. The author(s) must obtain written permission of the publisher and clearly indicate in a first page footnote the reference to the original publication in PSE.
Individual users may access, download, copy and display the papers published in PSE, provided that the authors’ intellectual and moral rights, reputation and integrity are not compromised. It is the obligation of the user to ensure that any reuse complies with the copyright policies of the owners.
If the content of papers published in the PSE is copied, downloaded or otherwise reused for non-commercial research and educational purposes, a link to the appropriate bibliographic citation (authors, title of the paper, PSE volume, year and page numbers) should be provided. Copyright notices and disclaimers must not be deleted.