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income distribution when the funds are rebated to households through reductions in the payroll tax and personal income tax … indicates that reforms can be designed to preserve the existing income distribution. In fact, it appears to be easier to …
Persistent link: https://www.econbiz.de/10012472262
data on 322,000 families in the U.S. Treasury's Distribution Model to study vertical redistributions between rich and poor …
Persistent link: https://www.econbiz.de/10012455431
I measure the industry impacts of an environmental tax reform where a carbon tax is used to finance full or partial corporate tax integration. I find that the industry impacts of such a reform are likely to be modest (in the sense of impacts on returns on equity)
Persistent link: https://www.econbiz.de/10012467011
This paper develops a model of a small open economy that produces an export good with domestic labour and imported energy and is stuck in an unemployment situation resulting from an excessive fixed net-of-tax wage rate. We study a revenue-neutral green tax reform that substitutes energy for wage...
Persistent link: https://www.econbiz.de/10012471885
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...
Persistent link: https://www.econbiz.de/10012464244
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/10012474011
skills or not. The government influences individual decision-making by redistribution of income or by subsidizing investment … in skills. Both types of policies have complicated effects on income inequality and social welfare. The first policy … inequality aversion and financing the subsidy is not too distortive …
Persistent link: https://www.econbiz.de/10012471291
The purpose of the present note is to explore the structure of optimal income taxation/redistribution in an economy …, of course, an additional incentive for income redistribution from wealthy to poor citizens is created and the logical … income distribution and its interaction with the elasticity of the marginal utility of consumption; of course, "labor supply …
Persistent link: https://www.econbiz.de/10012478985
presence of a trade-off between aggregate stabilization and inequality in consumption responses to external shocks. The …
Persistent link: https://www.econbiz.de/10012482432
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic … the flexibility of their production processes to the distribution of workers' skills. The greater is human capital … excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how …
Persistent link: https://www.econbiz.de/10012468322