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conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10012499593
This paper studies the problem of redistribution between individuals having different mortality rates. We use a …
Persistent link: https://www.econbiz.de/10008748215
, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution. …
Persistent link: https://www.econbiz.de/10011892503
We assess the usefulness of stochastic redistribution among a continuum of risk-averse agents with quasilinear … circumstances where stochastic redistribution is socially dominated by the deterministic policy where after-tax income lotteries are …
Persistent link: https://www.econbiz.de/10013464907
Persistent link: https://www.econbiz.de/10011999456
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010403177
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010412846
pension benefit rule that is adopted. If this rule incorporates some implicit or explicit redistribution from healthy to … unhealthy individuals then the latter types are better off as a result of the pension system. In the absence of redistribution …
Persistent link: https://www.econbiz.de/10011761551
unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject … redistribution by individuals with high income and to a lower demand for redistribution by those with low income. …
Persistent link: https://www.econbiz.de/10011785084
Persistent link: https://www.econbiz.de/10012209706