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Energy Policy with Externalities and Internalities

Mullainathan, Sendhil; Allcott, Hunt; Taubinsky, Dmitry - National Bureau of Economic Research (NBER) - 2012

We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....

Persistent link: https://www.econbiz.de/10011227933

Tax-Efficient Asset Management: Evidence from Equity Mutual Funds

Sialm, Clemens; Zhang, Hanjiang - National Bureau of Economic Research (NBER) - 2015

Investment taxes have a substantial impact on the performance of taxable mutual fund investors. Mutual funds can reduce the tax burdens of their shareholders by avoiding securities that are heavily taxed and by avoiding realizing capital gains that trigger higher tax burdens to the funds’...

Persistent link: https://www.econbiz.de/10011240568

Capital Levies and Transition to a Consumption Tax

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006

also related to literature that examines dynamic models of taxation, particularly work simulating consumption tax … transitions and assessing the optimality of capital taxation in the long run. …

Persistent link: https://www.econbiz.de/10005830739

Optimal Taxation of Entrepreneurial Capital with Private Information

Albanesi, Stefania - National Bureau of Economic Research (NBER) - 2006

This paper studies optimal taxation of entrepreneurial capital with private information and multiple assets … asset taxation is optimal. Marginal taxes on bonds depend on the correlation of their returns with idiosyncratic capital … double taxation of capital income â€" at the firm level and at the investor level. Finally, we show that taxation of assets …

Persistent link: https://www.econbiz.de/10005777891

Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach

Jeanne, Olivier; Korinek, Anton - National Bureau of Economic Research (NBER) - 2010

This paper analyzes prudential controls on capital flows to emerging markets from the perspective of a Pigouvian tax that addresses externalities associated with the deleveraging cycle. It presents a model in which restricting capital inflows during boom times reduces the potential outflows...

Persistent link: https://www.econbiz.de/10008625925

Health Care Spending Growth and the Future of U.S. Tax Rates

Skinner, Jonathan; Baicker, Katherine - National Bureau of Economic Research (NBER) - 2011

The fraction of GDP devoted to health care in the United States is the highest in the world and rising rapidly. Recent economic studies have highlighted the growing value of health improvements, but less attention has been paid to the efficiency costs of tax-financed spending to pay for such...

Persistent link: https://www.econbiz.de/10008836376

The Welfare Implications of Increasing Disability Insurance Benefit Generosity

Bound, John; Cullen, Julie Berry; Schmidt, Lucie; … - National Bureau of Economic Research (NBER) - 2002

The focus on efficiency costs in the empirical literature on Disability Insurance (DI) provides a misleading view of the adequacy of payment levels. In order to evaluate whether workers are over- or under-insured through the social insurance program, we develop a framework that allows us to...

Persistent link: https://www.econbiz.de/10005588949

Environmental Taxation and Regulation

Bovenberg, A.L.Bovenberg; Goulder, Lawrence H. - National Bureau of Economic Research (NBER) - 2001

This chapter examines government policy alternatives for protecting the environment. We compare environmentally motivated taxes and various non-tax environmental policy instruments in terms of their efficiency and distributional impacts. Much of the analysis is performed in a second-best setting...

Persistent link: https://www.econbiz.de/10005049960

The Impact of Tax Incentives on the Economic Activity of Entrepreneurs

Harju, Jarkko; Kosonen, Tuomas - National Bureau of Economic Research (NBER) - 2012

Based on existing evidence, we know little about how the taxation of small business owners affects their economic … lighter taxation leads to an increase in the turnover of firms that we interpret as an increase in effort exerted by their …

Persistent link: https://www.econbiz.de/10010578388

Predation, Taxation, Investment and Violence: Evidence from the Philippines

Berman, Eli; Felter, Joseph; Kapstein, Ethan; Troland, Erin - National Bureau of Economic Research (NBER) - 2013

This paper explores the relationship between investment and political violence through several possible mechanisms. Investment as a predictor of future violence implies that low private sector investment today provides a robust indicator of high violence tomorrow. "Rent-capture" or predation...

Persistent link: https://www.econbiz.de/10010951034

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