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Optimal Minimum Wage Policy in Competitive Labor Markets
Lee, David - 2008
This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...
Persistent link: https://www.econbiz.de/10012464328
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Notes on Optimal Wage Taxation and Uncertainty
Eaton, Jonathan - 1979
Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with … paper begins with a discussion of the positive theory of wage taxation and labor supply under uncertainty. This is followed …
Persistent link: https://www.econbiz.de/10012478760
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Optimal Control of Externalities in the Presence of Income Taxation
Kaplow, Louis - 2006
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10012466326
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The Optimal Taxation of Unskilled Labor with Job Search and Social Assistance
Boone, Jan - 2003
In order to explore the optimal taxation of low-skilled labor, we extend the standard model of optimal non-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for involuntary unemployment, job search and an exogenous welfare benefit. In trading off...
Persistent link: https://www.econbiz.de/10012468913
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Optimal Labor Income Taxation
Piketty, Thomas - 2012
This paper reviews recent developments in the theory of optimal labor income taxation. We emphasize connections between … theory and empirical work that were initially lacking from optimal income tax theory. First, we provide historical and … distribution. We also emphasize connections between actual practice and the predictions from theory, and in particular the …
Persistent link: https://www.econbiz.de/10012460139
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Optimal Taxation of Top Labor Incomes : A Tale of Three Elasticities
Piketty, Thomas - 2011
This paper presents a model of optimal labor income taxation where top incomes respond to marginal tax rates through three channels: (1) standard labor supply, (2) tax avoidance, (3) compensation bargaining. We derive the optimal top tax rate formula as a function of the three corresponding...
Persistent link: https://www.econbiz.de/10012461041
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Taxes and Employment Subsidies in Optimal Redistribution Programs
Beaudry, Paul - 1998
This paper characterizes an optimal redistribution program when taxation authorities: (1)" are uninformed about individuals' value of time in both market and non-market activities observe both market-income and time allocated to market employment, and (3) are utilitarian. " Formally, the problem...
Persistent link: https://www.econbiz.de/10012472461
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Dynamic Taxation
Stantcheva, Stefanie - 2020
This paper reviews recent advances in the study of dynamic taxation, considering three main approaches: the dynamic Mirrlees, the parametric Ramsey, and the sufficient statistics approaches. In the first approach, agents' heterogeneous abilities to earn income are private information and evolve...
Persistent link: https://www.econbiz.de/10012479228
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Learning and (or) Doing : Human Capital Investments and Optimal Taxation
Stantcheva, Stefanie - 2015
This paper considers a dynamic taxation problem when agents can allocate their time between working and investing in their human capital. Time investment in human capital, or "training," increases the wage and can interact with an agent's intrinsic, exogenous, and stochastic earnings ability. It...
Persistent link: https://www.econbiz.de/10012457287
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Optimal Capital Versus Labor Taxation with Innovation-Led Growth
Aghion, Philippe - 2013
Chamley (1986) and Judd (1985) showed that, in a standard neoclassical growth model with capital accumulation and infinitely lived agents, either taxing or subsidizing capital cannot be optimal in the steady state. In this paper, we introduce innovation-led growth into the Chamley-Judd...
Persistent link: https://www.econbiz.de/10012459575