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Monopsony power, income taxation and welfare
Hummel, Albert Jan - 2021
This paper studies the implications of monopsony power for optimal income taxation and welfare. Firms observe workers' abilities while the government does not and monopsony power determines what share of the labor market surplus is translated into profits. Monopsony power increases the tax...
Persistent link: https://www.econbiz.de/10012545131
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Optimal taxation with multiple incomes and types
Spiritus, Kevin; Lehmann, Etienne; Renes, Sander; … - 2022
We analyze the optimal nonlinear income tax schedule when taxpayers earn multiple incomes and differ along many unobserved dimensions. We derive the necessary conditions for the government's optimum using both a tax perturbation and a mechanism design approach, and show that both methods produce...
Persistent link: https://www.econbiz.de/10012817145
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Optimal commodity taxation under non-linear income taxation
Spiritus, Kevin - 2022
I characterize the optimal linear commodity taxes when households differ in multiple characteristics, in presence of an optimal non-linear tax schedule on the households' labour incomes. The optimal distortions caused by a linear commodity tax are larger if, conditional on labour income, more...
Persistent link: https://www.econbiz.de/10012887880
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When a price is enough : implementation in optimal tax design
Renes, Sander; Zoutman, Floris T. - 2014
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010403177
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Optimal taxation of normal and excess returns to risky assets
Boadway, Robin W.; Spiritus, Kevin - 2021
We study the optimal taxation of risk-free and excess capital income with heterogeneous rates of return, alongside an optimal nonlinear earnings tax. Households can hold three assets: one risk-free, one risky but diversifiable, and one a private investment with idiosyncratic risk whose expected...
Persistent link: https://www.econbiz.de/10012487914
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Optimal taxation of capital income with heterogeneous rates of return
Gerritsen, Aart; Jacobs, Bas; Rusu, Alexandra V.; … - 2020
There is increasing empirical evidence that people systematically differ in their rates of return on capital. We derive optimal non-linear taxes on labor and capital income in the presence of such return heterogeneity. We allow for two distinct reasons why returns are heterogeneous: because...
Persistent link: https://www.econbiz.de/10012237096
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Optimal commodity taxation when households earn multiple incomes
Spiritus, Kevin - 2022
I characterize the optimal linear commodity taxes when households differ in multiple characteristics and earn multiple incomes, in presence of an optimal non-linear tax schedule on the households' labour incomes. The government should tax a commodity more heavily if, conditional on labour...
Persistent link: https://www.econbiz.de/10013429198
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Are education subsidies an efficient redistributive device?
Dur, Robert A. J.; Teulings, Coen N. - 2003
We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels … areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education … atrade-off between the distortions of taxes on effort and the distortionsof education subsidies on the investment in human …
Persistent link: https://www.econbiz.de/10011333262
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Optimal income taxation with endogenous human capital
Jacobs, Bas - 2002
. Taxation affects utilization rates of human capital through labor supply responses. The costs of education that are not …
Persistent link: https://www.econbiz.de/10011326965
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Optimal taxation of human capital and credit constraints
Jacobs, Bas - 2002
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10011326966