Showing 1 - 10 of 359
This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...
Persistent link: https://www.econbiz.de/10013125070
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...
Persistent link: https://www.econbiz.de/10013020515
The paper studies the effect that skilled labour mobility has on efficient education policy. The model is one of two periods in which a representative taxpayer decides on labour, education, and saving. The government can only use linear tax and subsidy instruments. It is shown that the mobility...
Persistent link: https://www.econbiz.de/10013316063
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover,...
Persistent link: https://www.econbiz.de/10013316119
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of...
Persistent link: https://www.econbiz.de/10013318327
This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...
Persistent link: https://www.econbiz.de/10013145391
This article investigates the relationships among economic growth, income distribution and poverty in Brazil during the … variations in the poverty indicators and the main components that answer for this variation - decomposition model;another that … simulates the effects of the variation of the income and the concentration indicators on the poverty level - model of elasticity …
Persistent link: https://www.econbiz.de/10005835994
The paper is concerned with poverty in Romania during a period of economic growth (2000-2008). The poverty incidence … and profile before financial and economic crisis and the evolution of poverty in the context of economic growth and of a … strong increase of households income have been studied, aiming to identify who is the most vulnerable at poverty risk and to …
Persistent link: https://www.econbiz.de/10008924834
The purposes of this study were to present the current situation of poverty, economic growth, and economic development … for five selected countries in Latin America and to examine the relationship between poverty, economic growth, and … model suggested that economic development is more effective and preferable than economic growth in eradicating of poverty …
Persistent link: https://www.econbiz.de/10011108386
Economic growth is typically recognized as the effective tool in eradicating of poverty. Unfortunately, many countries … investigate the new tool aimed at reducing poverty through log-linear model and to estimate the impact of exogenous macroeconomic … shock occurred in every sector on poverty through SAM multiplier. The result reveals that poverty is not sensitive to …
Persistent link: https://www.econbiz.de/10011112548