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The Marginal Excess Burden of Different Capital Tax Instruments
Fullerton, Don - 1987
Marginal excess burden, defined as the change in deadweight loss for an additional dollar of tax revenue, has been measured for labor taxes, output taxes, and capital taxes generally. This paper points out that there is no we1 1-defined way to raise capital taxes in general, because the taxation...
Persistent link: https://www.econbiz.de/10012476715
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The Deadweight Loss from `Non-Neutral' Capital Income Taxation
Auerbach, Alan J. - 1988
This paper develops an overlapping generations general equilibrium growth model with an explicit characterization of the role of capital goods in the production process. The model is rich enough in structure to evaluate and measure simultaneously the different distortions associated with capital...
Persistent link: https://www.econbiz.de/10012476556
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Capital Taxation
Feldstein, Martin - 1982
This paper is an introductory chapter to a book that brings together 22 of my papers written between 1965 and 1981. The chapter provides a summary of each paper and a more general discussion of the role of taxation in influencing the process of capita1 accumulation. The four sections of the book...
Persistent link: https://www.econbiz.de/10012478234
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Book-Value Wealth Taxation, Capital Income Taxation, and Innovation
Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - National Bureau of Economic Research - 2024
When is a wealth tax preferable to a capital income tax? When is the opposite true? More generally, can capital taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these questions theoretically in an infinite-horizon model with...
Persistent link: https://www.econbiz.de/10014576614
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A Theory of Optimal Capital Taxation
Piketty, Thomas - 2012
This paper develops a realistic, tractable theoretical model that can be used to investigate socially-optimal capital taxation. We present a dynamic model of savings and bequests with heterogeneous random tastes for bequests to children and for wealth per se. We derive formulas for optimal tax...
Persistent link: https://www.econbiz.de/10012460670
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The Usual Excess-Burden Approximation Usually Doesn't Come Close
Goulder, Lawrence H. - 1999
interactions, and consequently yields highly inaccurate assessments of excess burden. Prior economic theory implicitly acknowledges … practical alternative to the usual excess-burden approximation. This paper helps fill the gap between theory and practice. First …
Persistent link: https://www.econbiz.de/10012471766
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The Theory of Excess Burden and Optimal Taxation
Auerbach, Alan J. - 1982
study of optimal tax theory. A main objective of this exercise is to uncover the interrelationships among various apparently … the effects of technology. Included in the presentation of optimal tax theory is a section on tax reform, as well as an … application of the theory to the case where uncertainty is present …
Persistent link: https://www.econbiz.de/10012478080
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Taxation and Excess Burden : A Life-Cycle Perspective
Driffill, E. John - 1981
A lifetime perspective is appropriate in assessing the welfare implications of government tax policies. Although a number of attempts have been made to ex- amine the excess burden of taxation in life-cycle models, these have tended to ignore the role of human capital accumulation and/or the...
Persistent link: https://www.econbiz.de/10012478420
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Will the Real Excess Burden Please Stand Up? (Or, Seven Measures in Search of a Concept)
Auerbach, Alan J. - 1980
It is well understood that a tax which distorts relative prices generates a welfare cost or "excess burden" in addition to any associated transfer of resources, but there remains considerable controversy and confusion with respect to procedures for measuring this excess burden. The purpose of...
Persistent link: https://www.econbiz.de/10012478641
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Are Sufficient Statistics Necessary? Nonparametric Measurement of Deadweight Loss from Unemployment Insurance
Lee, David S. - 2019
Central to the welfare analysis of income transfer programs is the deadweight loss associated with possible reforms. To aid analytical tractability, its measurement typically requires specifying a simplified model of behavior. We employ a complementary "decomposition" approach that compares the...
Persistent link: https://www.econbiz.de/10012479527