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Theoretical and practical arguments for modeling labor supply as a choice among latent jobs

Dagsvik, John K.; Jia, Zhiyang; Kornstad, Tom; … - 2012

paper we argue that practicality is not the only feature that can be addressed by means of stochastic choice theory. This … theory also offers a powerful framework for developing a more realistic model for labor supply choices, founded on …

Persistent link: https://www.econbiz.de/10009488981

Measuring tax efficiency : a tax optimality index : presented at CESifo Area Conference on Public Sector Economics, May 2004

Raimondos-Møller, Pascalis; Woodland, Alan D. - 2004

This paper introduces an index of tax optimality that measures the distance of a current tax structure from the optimal tax structure in the presence of public goods. In doing so, we derive a [0, 1] number that reveals immediately how far the current tax configuration is from the optimal one...

Persistent link: https://www.econbiz.de/10011449998

Emotion research in economics

Wälde, Klaus - 2016

Emotions were central to the development of economics, especially in utility theory in classical economics. While … neoclassical utility theory basically abolished emotions, behavioural economics more recently reintroduced emotions in utility … theory. Beyond utility theory, economic theorists use emotions to explain behaviour which otherwise could not be understood …

Persistent link: https://www.econbiz.de/10011499845

The connexion between old and new approaches to financial satisfaction

Praag, Bernard M. S. van - 2004

In this paper we compare the new satisfaction evaluation approach, developed in the nineties by Oswald, Clark, Blanchflower and others with the older income evaluation (IEQ) approach, developed by Van Praag and Kapteyn in the seventies of the previous century. We find that both approaches yield...

Persistent link: https://www.econbiz.de/10011449347

Beyond Bentham : measuring procedural utility

Frey, Bruno S.; Stutzer, Alois - 2001

We propose that outcome utility and process utility can be distinguished and empirically measured. People gain procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals enjoy both outcome and process utility, while foreigners...

Persistent link: https://www.econbiz.de/10011398899

Pareto-improvements, welfare trade-offs and the taxation of couples

Bierbrauer, Felix; Boyer, Pierre C.; Peichl, Andreas; … - 2024

We develop a theory of tax reforms for a setting with multi-dimensional heterogeneity amongst taxpayers and multiple …

Persistent link: https://www.econbiz.de/10015145041

How should commodities be taxed? : a counterargument to the recommendation in the mirrlees review

Bastani, Spencer; Blomquist, Nils Sören; Pirttilä, Jukka - 2013

The Mirrlees Review recommends that commodity taxation should in general be uniform, but with some goods consumed in conjunction with labour supply (such as child care) left untaxed. This paper examines the validity of this claim in an optimal income tax framework. Contrary to the recommendation...

Persistent link: https://www.econbiz.de/10009743799

From optimal tax theory to applied tax policy

Jacobs, Bas - 2013

This paper aims to provide a perspective on the ideal tax system using insights from optimal-tax theory supplemented …

Persistent link: https://www.econbiz.de/10009721993

Optimal income taxation with asset accumulation

Ábrahám, Árpád; Köhne, Sebastian; Pavoni, Nicola - 2014

Several frictions restrict the government's ability to tax assets. First, it is very costly to monitor trades on international asset markets. Second, agents can resort to nonobservable low-return assets such as cash, gold or foreign currencies if taxes on observable assets become too high. This...

Persistent link: https://www.econbiz.de/10010467365

A theory of income taxation under multidimensional skill heterogeneity

Rothschild, Casey G.; Scheuer, Florian - 2015

We develop a unifying framework for optimal income taxation in multi-activity economies with general production technologies. Agents are characterized by an N-dimensional skill vector that captures intrinsic abilities in N activities. The private return to each activity depends on individual...

Persistent link: https://www.econbiz.de/10010473547