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Well-Being, Poverty and Labor Income Taxation : Theory and Application to Europe and the U.S
Maniquet, Francois - 2016
tax schemes that alleviate poverty. To avoid conflict with individual well-being, we require redistribution to take place … between agents on both sides of the poverty line provided they have the same labor time. This requirement is combined with … yields the following evaluation criterion: tax schemes should minimize the labor time required to reach the poverty line. We …
Persistent link: https://www.econbiz.de/10012983894
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Lives and Livelihoods : Estimates of the Global Mortality and Poverty Effects of the Covid-19 Pandemic
Decerf, Benoit - 2020
This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 … years spent in poverty (PY) are conservatively estimated using growth estimates for 2020 and two dierent scenarios for its … 2020, the pandemic (and the observed private and policy responses) has generated at least 68 million additional poverty …
Persistent link: https://www.econbiz.de/10012826740
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Income shifting as income creation? : the intensive vs. the extensive shifting margins
Selin, Håkan; Simula, Laurent - 2017
The public finance literature has modeled income shifting as a decision along the intensive margin even though it involves significant fixed costs, giving rise to an important extensive margin. We show that accounting for this extensive margin has crucial policy implications: the classical...
Persistent link: https://www.econbiz.de/10011659546
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On the political economics of tax reforms
Castanheira, Micael; Nicodème, Gaëtan J.A.; Profeta, Paola - 2011
There is often a gap between the prescriptions of an "optimal" tax system and actual tax systems, some of which can be neither efficient economically nor efficient at redistributing income. With a focus on personal income taxes, this paper reviews the political economics literature on tax...
Persistent link: https://www.econbiz.de/10009240753
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Happy Taxpayers? Income Taxation and Well-Being
Akay, Alpaslan - 2012
This paper offers a first empirical investigation of how labor taxation (income and payroll taxes) affects individuals' well-being. For identification, we exploit exogenous variation in tax rules over time and across demographic groups using 26 years of German panel data. We find that the tax...
Persistent link: https://www.econbiz.de/10013097866
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The social cost of carbon and inequality : when local redistribution shapes global carbon prices
Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012002880
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Gini and optimal income taxation by rank
Simula, Laurent; Trannoy, Alain - 2020
We solve the non-linear income tax program for a rank-dependent social welfare function à la Yaari, expressing the trade-off between size and inequality using the Gini or related families of positional indices. The key idea is that when agents optimize and absent bunching, ranks in the actual...
Persistent link: https://www.econbiz.de/10012174704
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Optimal redistributive wealth taxation when wealth is more than just capital
Franks, Max; Edenhofer, Ottmar - 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/10012162503
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A comparison of optimal tax policies when compensation or responsibility matter
Jacquet, Laurence; Van de Gaer, Dirk - 2010
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/10003949079
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Optimal Taxation, Inequality and Top Incomes
Andrienko, Yuri - 2014
In a number of high-income countries over the past few decades there has been a large growth in income inequality and at the same time a shift in the burden of taxation from the top to the middle of the income distribution. This paper applies the theory of optimal piecewise linear taxation to...
Persistent link: https://www.econbiz.de/10013051448