上海交通大学宏微观经济学课件第一篇绪论1.pptVIP

* HEADS UP. The 5th edition uses “equality.” The fourth and earlier editions used “equity” here. You may want to elaborate verbally on the last bullet to insure that the point is clear. “Redistribute income from wealthy to poor” is accomplished through the progressive tax system, as well as social programs like food stamps and unemployment insurance that try to provide a safety net for people at the low end of the income distribution. “But this reduces the incentive to work” – the reward for working hard is a high income. Taxes reduce this reward, and therefore reduce the incenti