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Is a Minimum Wage an Appropriate Instrument for Redistribution?
Gerritsen, Aart - 2014
minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …
Persistent link: https://www.econbiz.de/10013059059
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Optimal Redistribution and Monitoring of Labor Effort
Zoutman, Floris; Jacobs, Bas - CESifo - 2014
This paper extends the Mirrlees (1971) model of optimal non-linear income taxation with a monitoring technology that allows the government to verify labor effort at a positive, but non-infinite cost. Monitored individuals receive a penalty, which increases if individuals earn a lower income...
Persistent link: https://www.econbiz.de/10010877903
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Tax Effects, Search Unemployment, and the Choice of Educational Type
Alstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe - CESifo - 2005
educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …
Persistent link: https://www.econbiz.de/10005766172
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Optimal Redistributive Taxation and Provision of Public Input Goods in an Economy with Outsourcing and Unemployment
Aronsson, Thomas - 2008
taxation. In addition, the appearance of equilibrium unemployment also provides an incentive for the government to directly tax …
Persistent link: https://www.econbiz.de/10012768264
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The Optimal Graduated Minimum Wage and Social Welfare
Danziger, Eliav - 2018
This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal income taxation in which a government seeks to maximize social welfare. It shows that the optimal graduated minimum wage increases social welfare by increasing the low-productivity workers'...
Persistent link: https://www.econbiz.de/10012919242
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Pigou Meets Mirrlees: On the Irrelevance of Tax Distortions for the Second-Best Pigouvian Tax
Jacobs, Bas; Mooij, Ruud A. de - CESifo - 2011
This paper extends the Mirrlees (1971) model of optimal income redistribution with optimal corrective taxes to internalize consumption externalities. It is demonstrated that the optimal second-best tax on an externality-generating good should not be corrected for the marginal cost of public...
Persistent link: https://www.econbiz.de/10008833932
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Tax Effects, Search Unemployment, and the Choice of Educational Type
Alstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe - 2021
educational type with high consumption value and low effort costs. This increases the skill mismatch and aggregate unemployment in …
Persistent link: https://www.econbiz.de/10013318060
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How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country: An Optimal Taxation Problem with Moral Hazard
Cigno, Alessandro - CESifo - 2010
work a child does, are private information, the second-best policy uses a combination of need and merit based education …
Persistent link: https://www.econbiz.de/10008596586
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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth
Richter, Wolfram F.; Braun, Christoph - CESifo - 2010
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents’ productivity. It is shown to be second best to subsidize education even relative to the first best if the …
Persistent link: https://www.econbiz.de/10008572520
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Deserving Poor and the Desirability of Minimum Wage Rules
Blumkin, Tomer - 2014
In this paper we provide a novel justification for the use of minimum wage rules to supplement the optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage rule can be...
Persistent link: https://www.econbiz.de/10013055362