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Optimal Redistributive Wealth Taxation When Wealth is More than Just Capital
Franks, Max - 2020
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012841621
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Redistribution Through Income Taxation and Public Utility Pricing in the Presence of Energy Efficiency Considerations
Feger, Fabian - 2018
, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution …
Persistent link: https://www.econbiz.de/10012908694
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Redistributive Income Taxation with Directed Technical Change
Loebbing, Jonas - 2021
What are the implications of (endogenous) directed technical change for the design of redistributive income taxes? I study this question in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. Under certain conditions, any progressive tax...
Persistent link: https://www.econbiz.de/10013314849
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Social Exclusion and Optimal Redistribution
Aronsson, Thomas; Bastani, Spencer; Tayibov, Khayyam - 2021
We integrate social exclusion, operationalized in terms of long-term unemployment, into the theory of optimal …, in conjunction with optimal income taxation, contributes to redistribution and reduced long-term unemployment. The second … varies with the government’s preferences for redistribution and the characteristics of those risking long-term unemployment …
Persistent link: https://www.econbiz.de/10013312073
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Optimal Redistribution in the Presence of Signaling
Bastani, Spencer; Blumkin, Tomer; Micheletto, Luca - 2021
We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … desirability of redistribution through wage compression …
Persistent link: https://www.econbiz.de/10013217555
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Jointly Optimal Taxes for Different Types of Income
Hermle, Johannes - 2018
We develop and estimate a model of jointly optimal income taxes for different types of income. Compared to standard optimal tax formulas, optimal schedular income tax rates additionally depend on cross-elasticities between tax bases capturing fiscal externalities. We discuss two applications:...
Persistent link: https://www.econbiz.de/10012908643
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Optimal Taxation with Multiple Incomes and Types
Spiritus, Kevin; Lehmann, Etienne; Renes, Sander; … - 2022
We analyze the optimal nonlinear income tax schedule when taxpayers earn multiple incomes and differ along many unobserved dimensions. We derive the necessary conditions for the government’s optimum using both a tax perturbation and a mechanism design approach, and show that both methods...
Persistent link: https://www.econbiz.de/10013307212
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Generalization of the Deaton Theorem : Piecewise Linear Income Taxation and Participation Decisions
Boadway, Robin; Cuff, Katherine - 2021
Deaton (1979) showed that if preferences are weakly separable in goods and labour and quasihomothetic in goods and the government imposes an optimal linear progressive tax, commodity taxes are redundant. Hellwig (2009) generalized the Deaton theorem by showing that the allocation obtained under...
Persistent link: https://www.econbiz.de/10013214339
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Who Should Bear the Burden of COVID-19 Related Fiscal Pressure? An Optimal Income Taxation Perspective
Ayaz, Mehmet; Fricke, Lea; Fuest, Clemens; Sachs, Dominik - 2021
The COVID-19 pandemic has led to an increase in public debt in most countries. This will increase fiscal pressure in the future. We study how the shape of the optimal nonlinear income tax schedule is affected by this increase. We calibrate the workhorse optimal income tax model to five European...
Persistent link: https://www.econbiz.de/10013313446
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Optimal Income Taxation with Labor Supply Responses at Two Margins : When is an Earned Income Tax Credit Optimal?
Hansen, Emanuel - 2021
along the income distribution and, second, social concerns for redistribution from the poor to the very poor are …
Persistent link: https://www.econbiz.de/10013250261