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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth
Richter, Wolfram F. - 2010
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth results from human capital accumulation. Government expenditures have to be financed by linear instruments so that growth equilibria are inefficient. The inefficiency is...
Persistent link: https://www.econbiz.de/10013146790
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Optimal Income Taxation with Uncertain Earnings : A Synthesis
Boadway, Robin - 2011
ex ante identical households and the no-risk case with heterogeneous abilities come out as special cases …
Persistent link: https://www.econbiz.de/10013117794
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Optimal Income Taxation and Public Goods Provision in a Large Economy with Aggregate Uncertainty
Bierbrauer, Felix J. - 2009
We study a large economy model in which individuals have private information about their productive abilities and their preferences. Moreover, there is aggregate uncertainty so that the social benefits from taxation and public goods provision are a priori unknown. The analysis is based on a...
Persistent link: https://www.econbiz.de/10013158141
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The Taxation of Superstars
Scheuer, Florian - 2015
How are optimal taxes affected by the presence of superstar phenomena at the top of the earnings distribution? To answer this question, we extend the Mirrlees model to incorporate an assignment problem in the labor market that generates superstar effects. Perhaps surprisingly, rather than...
Persistent link: https://www.econbiz.de/10013015356
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Redistribution and Insurance with Simple Tax Instruments
Findeisen, Sebastian - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …
Persistent link: https://www.econbiz.de/10013020515
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Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
Bauer, Christian - 2011
We study the optimal combination of corporate tax rate and tax base in a model of a small open economy with heterogeneous firms. We show that it is optimal for the small country's government to effectively subsidize capital inputs by granting a tax allowance in excess of the true costs of...
Persistent link: https://www.econbiz.de/10013120658
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The Elasticity of Taxable Income and Income-Shifting : What is 'Real' and What is Not?
Harju, Jarkko - 2014
Previous literature shows that income taxation significantly affects the behavior of high-income earners and business owners. However, it is still unclear how much of the response is due to changes in effort and other real economic activity, and how much is caused by tax avoidance and tax...
Persistent link: https://www.econbiz.de/10013049207
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The Elasticity of Taxable Income in the Presence of Deduction Possibilities
Dörrenberg, Philipp - 2015
Several recent studies show that the elasticity of taxable income (ETI) is not a sufficient statistic for the welfare costs of taxation due to factors such as taxbase shifting. This paper provides an additional argument demonstrating the non-sufficiency of the ETI, namely tax deductions....
Persistent link: https://www.econbiz.de/10013021690
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Strategic Nonlinear Income Tax Competition with Perfect Labor Mobility
Bierbrauer, Felix J. - 2011
Tax competition between two governments who choose nonlinear income tax schedules to maximize the average utility of its residents when skills are unobservable and labor is perfectly mobile is examined. We show that there are no Nash equilibria in which there is a skill type that pays positive...
Persistent link: https://www.econbiz.de/10013130417
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Shall We Keep the Highly Skilled at Home? The Optimal Income Tax Perspective
Simula, Laurent - 2011
We examine how allowing individuals to emigrate to pay lower taxes abroad changes the optimal non-linear income tax scheme in a Mirrleesian economy. An individual emigrates if his domestic utility is less than his utility abroad net of migration costs, utilities and costs both depending on...
Persistent link: https://www.econbiz.de/10013130418