Redistribution and the marginal Cost of Public Funds.

Discussion of the marginal cost of public funds with distortionary taxation are often cast in the framework of a one-consumer economy, while the main justification of distortionay taxes is that they are needed for distribution. This paper analyzes the issue in a model with heterogeneous consumers and a linear income tax, focusing on the tradeoff between labour market distortions and the redistribution from high-wage to low-wage workers.

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Year of publication:	1997
Authors:	Sandmo, A.
Institutions:	Norges Handelshøyskole (NHH)
Subject:	FISCAL POLICY \| PUBLIC GOODS

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Series:	Norwegian School of Economics and Business Administration-.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	D61 - Allocative Efficiency; Cost-Benefit Analysis ; H21 - Efficiency; Optimal Taxation ; H41 - Public Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783285