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Intergenerational Transfer of Human Capital and Optimal Education Policy

Cremer, Helmuth; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2004

This Paper studies the design of education policies in a setting of successive generations with heterogeneous individuals (high and low earning ability). Parents’ investment in education is motivated by warm-glow altruism and determines the probability that a child has high ability. Education...

Persistent link: https://www.econbiz.de/10005498169

A Theory of the Welfare State

Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1995

redistribution results in more post-tax inequality. In general, optimal taxation will either imply that the redistribution paradox is …

Persistent link: https://www.econbiz.de/10005067443

On Income Inequality and Green Preferences

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We derive conditions of individual preferences and technology that give rise to a negative correlation between income inequality and environmental protection. We present a class of models (which captures a static model as well as an overlapping-generations model) in which individuals differ in...

Persistent link: https://www.econbiz.de/10005662063

Inequality, Environmental Protection and Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We analyse how, in representative democracies, income distribution influences the stringency of environmental policy and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital when old. Externalities are caused by a polluting factor....

Persistent link: https://www.econbiz.de/10005791379

Why Are Capital Income Taxes So High?

Flodén, Martin - C.E.P.R. Discussion Papers - 2007

The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This …

Persistent link: https://www.econbiz.de/10005792415

Commodity Tax Competition and Tax Coordination Under Destination and Origin Principles

Lockwood, Ben - C.E.P.R. Discussion Papers - 2000

This paper proposes a general framework for analysing commodity tax competition under destination and origin principles, based on three possible tax spillovers: the consumer price spillover, the producer price/terms of trade spillover, and rent spillovers. A model is presented which can be...

Persistent link: https://www.econbiz.de/10005504270

Optimal Labour Taxation and Search

Boone, Jan; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2001

This Paper explores the optimal role of the tax system in alleviating labour-market imperfections and raising revenue. For this purpose, the standard search model of the labour market is extended by introducing scarce entrepreneurial talent and arbitrage between the supply and demand. We study...

Persistent link: https://www.econbiz.de/10005504773

Should a Carbon Tax be Differentiated Across Sectors?

Hoel, Michael - C.E.P.R. Discussion Papers - 1994

If some, but not all, countries are cooperating to reduce CO2 emissions, it can be argued that: A high carbon tax on carbon-intensive tradable sectors in the cooperating countries will reduce the production of goods from these sectors, and therefore CO2 emissions, in those countries. This will...

Persistent link: https://www.econbiz.de/10005498029

Optimal Income Taxation: Mirrlees Meets Ramsey

Heathcote, Jonathan; Tsujiyama, Hitoshi - C.E.P.R. Discussion Papers - 2015

What structure of income taxation maximizes the social benefits of redistribution while minimizing the social harm … rates are constant and redistribution is achieved via non-means-tested transfers. In this paper we compare alternative tax … social welfare function designed to capture the taste for redistribution reflected in the current tax system. In our …

Persistent link: https://www.econbiz.de/10011165649

Can Coasean Bargaining Justify Pigouvian Taxation?

Rosenkranz, Stephanie; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2004

The fact that according to the celebrated Coase theorem rational parties always try to exploit all gains from trade is usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct externalities. We show that the hold-up problem,...

Persistent link: https://www.econbiz.de/10005661662