Showing 1 - 10 of 1,755
This paper develops an endogenous growth model with a production externality and nonlinear income taxation, and uses it to examine how the fiscal authority devises its nonlinear tax structure from the viewpoint of welfare maximization. It is found that, in the Barro (1990) model, Pareto...
Persistent link: https://www.econbiz.de/10010573110
We explore the consequences of electoral competition for nonlinear income taxation. Our model is a dynamic version of the standard two-party electoral competition model adapted to nonlinear income taxation. The theory has a number of desirable features. First, equilibria always exist, even...
Persistent link: https://www.econbiz.de/10005046400
Opponents of work obligations in return for transfer payments argue that workfare can crowd out private sector work …, that workfare harms the welfare of the poor and thereby reduces a society’s welfare in general. This paper analyzes these … objections against workfare in a discrete optimal income tax model. Workfare productivity emerges to be the crucial determinant …
Persistent link: https://www.econbiz.de/10011198678
Carbon pricing helps countries steer their economies towards and along a carbon-neutral growth path. This paper considers how the design of carbon pricing instruments affects their effectiveness, efficiency and feasibility. Design choices matter both for taxes and Emissions Trading Systems...
Persistent link: https://www.econbiz.de/10012454840
This paper assesses the design of the air pollution tax in conjunction with a stringency analysis of the emission concentration limits in the Czech Republic. The analysis draws upon a detailed database containing environmental reporting by industrial stationary sources. The assessment of the...
Persistent link: https://www.econbiz.de/10012630459
France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...
Persistent link: https://www.econbiz.de/10012441809
The paper collects comprehensive and detailed data on what 40 OECD and G20 economies do with the revenues from carbon taxes, emissions trading systems, and excise taxes on energy use. It notes that constraints – which can take the form of political commitments or legal earmarks – on revenue...
Persistent link: https://www.econbiz.de/10012135991
This paper summarizes research presented at the FEEM-NBER Conference on the Behavioral and Distributional Effects of Environmental Policy, held in Milan Italy in June 1999.
Persistent link: https://www.econbiz.de/10005714193
In recent years there has been great interest in the possibility of substituting environmentally motivated or 'green' taxes for ordinary income taxes. Some have suggested that such revenue-neutral reforms might offer a 'double dividend:' not only (1) improve the environment but also (2) reduce...
Persistent link: https://www.econbiz.de/10005718306
This paper examines 'traditional' (non-environmental) efficiency consequences and environmental effects of two energy tax policies: a tax on fossil and synthetic fuels based on Btu (or energy) content and a tax on consumer purchases of gasoline. It uses a model that uniquely combines attention...
Persistent link: https://www.econbiz.de/10005720109