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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market

Bastani, Spencer - 2014

In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...

Persistent link: https://www.econbiz.de/10013047321

Redistributive Income Taxation under Outsourcing and Foreign Direct Investment

Aronsson, Thomas - 2010

This paper deals with optimal income taxation under labor outsourcing and FDI. We show how the optimal income tax response to the joint effect of outsourcing and FDI depends on whether FDI is complementary with, or substitutable for, domestic labor

Persistent link: https://www.econbiz.de/10013143345

Redistribution and Insurance with Simple Tax Instruments

Findeisen, Sebastian - 2015

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

Persistent link: https://www.econbiz.de/10013020515

The Case for a Progressive Tax : From Basic Research to Policy Recommendations

Diamond, Peter A. - 2011

This paper presents the case for tax progressivity based on recent results in optimal tax theory. We consider the …

Persistent link: https://www.econbiz.de/10013121199

Time-Consistent Fiscal Policy Under Heterogeneity : Conflicting or Common Interests

Angelopoulos, Konstantinos - 2011

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

Optimal Taxation with Current and Future Cohorts

Fehr, Hans - 2012

on long-run welfare changes. As the latter represent a mix of efficiency and intergenerational redistribution effects …

Persistent link: https://www.econbiz.de/10013098713

The Optimal Taxation of Risky Capital Income : The Rate of Return Allowance

Spiritus, Kevin - 2017

We study the optimality of taxing capital income according to a Rate-of-Return Allowance proposed by the Mirrlees Review. In a mean-variance framework the optimal tax on risk-free returns is zero with constant returns to scale in private investment, but positive with decreasing returns to scale,...

Persistent link: https://www.econbiz.de/10012962987

On the Desirability of Taxing Capital Income to Reduce Moral Hazard in Social Insurance

Jacobs, Bas - 2009

This paper analyzes optimal linear taxes on labor income and savings in a standard two-period life-cycle model with endogenous leisure demands in both periods and non-insurable income risks. Households are subject to skill shocks in both periods of the life-cycle. We allow for completely general...

Persistent link: https://www.econbiz.de/10013155825

Should We Subsidize Longevity?

Leroux, M.‐L. - 2009

redistribution across both earnings and genetic dimensions. Whether longevity-enhancing spending should be subsidized or taxed is …

Persistent link: https://www.econbiz.de/10012763911

Capital Taxation Under Political Constraints

Scheuer, Florian - 2014

This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, sustainable policies are those that will continue to attract enough political support in the future. We find that...

Persistent link: https://www.econbiz.de/10013040010

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