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Flat Tax Reforms: Investment Expensing and Progressivity
Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011
progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type … expensing and varying degrees of progressivity reveal that the distributional role of the tax-exemption in the labor income tax … is limited. But we also find that the progressivity of the reforms matters for welfare: economies with more progressive …
Persistent link: https://www.econbiz.de/10008854542
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Tax and Benefit Reform in the Czech and Slovak Republics
Heady, Christopher; Smith, Stephen - C.E.P.R. Discussion Papers - 1995
This paper analyses the changes to the tax and social security systems that have occurred since Czechoslovakia's `velvet revolution' in 1989. It shows how the tax system is moving to meet the requirements of a market economy. It suggests that a particularly high priority has to be given to...
Persistent link: https://www.econbiz.de/10005504525
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On the Optimal Progressivity of the Income Tax Code
Conesa, Juan Carlos; Krueger, Dirk - C.E.P.R. Discussion Papers - 2005
This paper computes the optimal progressivity of the income tax code in a dynamic general equilibrium model with …
Persistent link: https://www.econbiz.de/10005123894
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Childcare Subsidies and Household Labor Supply
Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - C.E.P.R. Discussion Papers - 2013
What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with heterogeneous married and single households with three key features: (i) joint labor-supply of married households...
Persistent link: https://www.econbiz.de/10011083325
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Income Taxation of U.S. Households: Facts and Parametric Estimates
Guner, Nezih; Kaygusuz, Remzi; Ventura, Gustavo - C.E.P.R. Discussion Papers - 2012
We use micro data from the U.S. Internal Revenue Service to document how Federal Income tax liabilities vary with income, marital status and the number of dependents. We report facts on the distributions of average taxes, properties of the joint distributions of taxes paid and income, and...
Persistent link: https://www.econbiz.de/10011083516
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High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk
Kindermann, Fabian; Krueger, Dirk - C.E.P.R. Discussion Papers - 2014
In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even when households have preferences with high labor supply elasticity, make dynamic savings decisions, and policies have general equilibrium effects. To make this point we construct...
Persistent link: https://www.econbiz.de/10011084316
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Taxing Capital? Not a Bad Idea After All!
Conesa, Juan Carlos; Kitao, Sagiri; Krueger, Dirk - C.E.P.R. Discussion Papers - 2006
mainly driven by the life cycle structure of the model whereas the optimal progressivity of the labor income tax is due to …
Persistent link: https://www.econbiz.de/10005666638
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Expanding the Welfare System: A Proposal for Reform
Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997
This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10005661484
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Heterogeneity and Government Revenues: Higher Taxes at the Top?
Guner, Nezih; Lopez-Daneri, Martin; Ventura, Gustavo - C.E.P.R. Discussion Papers - 2014
We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the Federal Income tax, and flat-rate taxes that capture...
Persistent link: https://www.econbiz.de/10011083288
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Optimal Tax Progressivity: An Analytical Framework
Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2014
What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax … earnings risk. At the same time, progressivity reduces incentives to work and to invest in skills, and aggravates the …, and market structure parameters influence the optimal degree of progressivity. A calibration for the U.S. economy …
Persistent link: https://www.econbiz.de/10011084652