View full metadata record

dc.titleBehavioral Insights for Foresighted Public Finance
dc.contributor.authorRapoport, Nina
dc.contributor.authorRojas Méndez, Ana María
dc.contributor.authorScartascini, Carlos
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America
dc.date.available2020-06-16T00:00:00
dc.date.issue2020-03-01T00:00:00
dc.description.abstractBehavioral insights are becoming part of the policy toolkit in countries around the world, and the IDB has positioned itself at the forefront of this movement in Latin America and the Caribbean. This policy brief discusses some of the reasons behind its success and serves as an encouragement for policymakers in the region to adopt some of these tools. In a region with numerous unfulfilled needs and limited resources, behavioral insights can play an important role for improving public finance in the region. Interventions leveraging behavioral insights can increase revenues by improving tax compliance and boosting tax morale. They can also improve the efficiency of public spending by encouraging preventive healthcare activities (involving vaccines, diet, exercise, etc.), promoting energy and water conservation, lowering traffic fatalities, and reducing teacher absenteeism, among other means. By surveying the evidence coming from interventions in the field in Latin America and the Caribbean, as well as other parts of the world, this policy brief makes a strong case to the region to embrace behavioral insights and design behaviorally informed policies.
dc.format.extent34
dc.identifier.doihttp://dx.doi.org/10.18235/0002227
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Behavioral_Insights_for_Foresighted_Public_Finance.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Las-ciencias-del-comportamiento-para-impulsar-las-finanzas-publicas.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectSocial Security
dc.subjectPublic Expenditure
dc.subjectPublic Finance
dc.subjectTax Compliance
dc.subjectTax Collection
dc.subjectBehavioral Economics
dc.subjectProperty Tax
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeH83 - Public Administration • Public Sector Accounting and Audits
dc.subject.jelcodeH30 - Fiscal Policies and Behavior of Economic Agents: General
dc.subject.jelcodeH26 - Tax Evasion and Avoidance
dc.subject.jelcodeD91 - Intertemporal Household Choice • Life Cycle Models and Saving
dc.subject.jelcodeH20 - Taxation, Subsidies, and Revenue: General
dc.subject.jelcodeI18 - Government Policy • Regulation • Public Health
dc.subject.jelcodeH51 - Government Expenditures and Health
dc.subject.jelcodeH55 - Social Security and Public Pensions
dc.subject.jelcodeH52 - Government Expenditures and Education
dc.subject.keywordsInfrastructure;Education;health;public finance;behavioral economics;public spending;Agriculture;Social security;retirement;Tax compliance;Behavioral insights;Publicrevenue
idb.identifier.pubnumberIDB-PB-00324
idb.operationRG-T3201
Return to Publication