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Optimal Taxation of Top Labor Incomes : A Tale of Three Elasticities
Piketty, Thomas - 2011
rate formula as a function of the three corresponding behavioral elasticities. The first elasticity (labor supply) is the … elasticity (avoidance) through tax enforcement and tax neutrality across income forms. The optimal top tax rate increases with … the third elasticity (bargaining) as bargaining efforts are zero-sum in aggregate. We provide evidence using cross …
Persistent link: https://www.econbiz.de/10012461041
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Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply
Chetty, Raj - 2009
labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …
Persistent link: https://www.econbiz.de/10012463033
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Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply
Chetty, Raj - 2013
labor supply elasticity of 0.33 on the intensive margin and 0.25 on the extensive margin after accounting for frictions …
Persistent link: https://www.econbiz.de/10013095191
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Redistribution and insurance with simple tax instruments ; presented at CESifo Area Conference on Public Sector Economics, April 2015
Findeisen, Sebastian; Sachs, Dominik - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...
Persistent link: https://www.econbiz.de/10011280819
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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...
Persistent link: https://www.econbiz.de/10011283108
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Optimal fiscal policy with labor selection
Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2016
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10011434257
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Optimal fiscal policy with labor selection
Chugh, Sanjay K.; Lechthaler, Wolfgang; Merkl, Christian - 2015 - This draft: October 25, 2015
Persistent link: https://www.econbiz.de/10011508403
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Optimal taxation and labour wedge in models with equilibrium unemployment
Jiang, Wei - 2014
In this paper, we develop heterogeneous agent models with equilibrium unemployment to study the optimal taxation and labour wedge. We find that the the presence of profits plays an important role in the determination of both optimal tax policy and labour wedge. Judd-Chamley optimal zero capital...
Persistent link: https://www.econbiz.de/10010411230
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Macroeconomics with endogenous markups and optimal taxation
Etro, Federico - 2016 - Current draft: November 2016
Persistent link: https://www.econbiz.de/10011628586
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Income shifting as income creation? : the intensive vs. the extensive shifting margins
Selin, Håkan; Simula, Laurent - 2017
The public finance literature has modeled income shifting as a decision along the intensive margin even though it involves significant fixed costs, giving rise to an important extensive margin. We show that accounting for this extensive margin has crucial policy implications: the classical...
Persistent link: https://www.econbiz.de/10011697394