The redistributive effects of personal taxes and social benefits in the Republic of Serbia
In this paper we measure the influence of the instruments of Serbia’s fiscal system - personal taxes (personal income tax and social security contributions) and social benefits (means tested and nonmeans tested) - on income redistribution, using the latest data from the Household Budget Sur...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2014-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2014/0013-32641403091D.pdf |
| _version_ | 1818421830429442048 |
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| author | Đinđić Srđan M. |
| author_facet | Đinđić Srđan M. |
| author_sort | Đinđić Srđan M. |
| collection | DOAJ |
| description | In this paper we measure the influence of the instruments of Serbia’s fiscal
system - personal taxes (personal income tax and social security
contributions) and social benefits (means tested and nonmeans tested) - on
income redistribution, using the latest data from the Household Budget Survey
2012. We analyse the redistributive effects of the fiscal system for the year
2013 and of the fiscal system that has been functioning since 1st January
2014. We find that the redistributive effect reduces income inequality by
about 50% in both observed years. Social benefits create 98% of vertical
redistribution (2013), whereas personal taxes initiate 2% (2013). State
pensions, means-tested social benefits, and social security contributions are
most important in reducing inequality in Serbia (2013). The partial fiscal
reform (2014) has not changed the rank of the focused fiscal instruments. |
| first_indexed | 2024-12-14T13:16:36Z |
| format | Article |
| id | doaj.art-9f244582567943b1b51cd943bbb7e6ff |
| institution | Directory Open Access Journal |
| issn | 0013-3264 1820-7375 |
| language | English |
| last_indexed | 2024-12-14T13:16:36Z |
| publishDate | 2014-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj.art-9f244582567943b1b51cd943bbb7e6ff2022-12-21T23:00:03ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752014-01-01592039111710.2298/EKA1403091D0013-32641403091DThe redistributive effects of personal taxes and social benefits in the Republic of SerbiaĐinđić Srđan M.0Faculty of Economics, KragujevacIn this paper we measure the influence of the instruments of Serbia’s fiscal system - personal taxes (personal income tax and social security contributions) and social benefits (means tested and nonmeans tested) - on income redistribution, using the latest data from the Household Budget Survey 2012. We analyse the redistributive effects of the fiscal system for the year 2013 and of the fiscal system that has been functioning since 1st January 2014. We find that the redistributive effect reduces income inequality by about 50% in both observed years. Social benefits create 98% of vertical redistribution (2013), whereas personal taxes initiate 2% (2013). State pensions, means-tested social benefits, and social security contributions are most important in reducing inequality in Serbia (2013). The partial fiscal reform (2014) has not changed the rank of the focused fiscal instruments.http://www.doiserbia.nb.rs/img/doi/0013-3264/2014/0013-32641403091D.pdfredistributive effectincome inequalityfiscal instrumentdecompositionSerbia |
| spellingShingle | Đinđić Srđan M. The redistributive effects of personal taxes and social benefits in the Republic of Serbia Ekonomski Anali redistributive effect income inequality fiscal instrument decomposition Serbia |
| title | The redistributive effects of personal taxes and social benefits in the Republic of Serbia |
| title_full | The redistributive effects of personal taxes and social benefits in the Republic of Serbia |
| title_fullStr | The redistributive effects of personal taxes and social benefits in the Republic of Serbia |
| title_full_unstemmed | The redistributive effects of personal taxes and social benefits in the Republic of Serbia |
| title_short | The redistributive effects of personal taxes and social benefits in the Republic of Serbia |
| title_sort | redistributive effects of personal taxes and social benefits in the republic of serbia |
| topic | redistributive effect income inequality fiscal instrument decomposition Serbia |
| url | http://www.doiserbia.nb.rs/img/doi/0013-3264/2014/0013-32641403091D.pdf |
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