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Marginal deadweight loss when the income tax is nonlinear
Blomquist, Sören; Simula, Laurent - 2010
Almost all theoretical work on how to calculate the marginal deadweight loss has been done for linear taxes and for variations in linear budget constraints. This is quite surprising since most income tax systems are nonlinear, generating nonlinear budget constraints. Instead of developing the...
Persistent link: https://www.econbiz.de/10010270492
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; van der Linden, Bruno - 2010
We derive a general optimal income tax formula when individuals respond along both the intensive and extensive margins and when income effects can prevail. Individuals are heterogeneous across two dimensions: their skill and their disutility of participation. Preferences over consumption and...
Persistent link: https://www.econbiz.de/10010277042
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Taxes and pensions
Diamond, Peter - 2009
Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the …
Persistent link: https://www.econbiz.de/10010272934
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Fair and efficient taxation under partial control: Theory and evidence
Ooghe, Erwin; Peichl, Andreas - 2011
There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their misfortune, while they allow them to enjoy the fruits of their effort. This paper introduces fairness in a tax-benefit scheme that is based on several characteristics in order to...
Persistent link: https://www.econbiz.de/10010277364
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Redistribution with Performance Pay
Doligalski, Pawel - 2020
" driven by labor supply responses. As a result, earnings risk is hardly affected by policy. We then turn to the normative …
Persistent link: https://www.econbiz.de/10012834365
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The savings-inflation puzzle
Heer, Burkhard; Süssmuth, Bernd - 2006
We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …
Persistent link: https://www.econbiz.de/10010261403
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Reasons for the Demise of Interest : Savings Glut and Secular Stagnation or Central Bank Policy?
Schnabl, Gunther - 2019
for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal …, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …
Persistent link: https://www.econbiz.de/10012858697
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Explaining Fluctuations in the Thrift Savings Fund Daily Balance at U.S. Treasury
Skidmore, Mark; Torrejón, Camila Alvayay; Pare, David - 2021
voluntary federal government employee retirement savings vehicle called the Thrift Savings Plan. The G-Fund is managed as …
Persistent link: https://www.econbiz.de/10013226661
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Optimal taxation and the skill premium
Angelopoulos, Konstantinos; Malley, Jim; … - 2012
The stylized facts suggest a negative relationship between tax progressivity and the skill premium from the early 1960s until the early 1990s, and a positive one thereafter. They also generally imply rising tax progressivity, except for the 1980s. In this paper, we ask whether optimal tax policy...
Persistent link: https://www.econbiz.de/10010280835
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Optimal commodity taxation when land and structures must be taxed at the same rate
Aura, Saku; Davidoff, Thomas - 2005
We show that the optimal property tax rate rises with the ratio of land rents to structure and land development costs. California's high ratio of income to property tax revenue and the distribution of Federal housing subsidies thus appear geographically misplaced. Proportional taxation of...
Persistent link: https://www.econbiz.de/10010261318