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Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth
Richter, Wolfram F.; Braun, Christoph - 2009
This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...
Persistent link: https://www.econbiz.de/10003926427
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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …
Persistent link: https://www.econbiz.de/10011283108
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Welfare improving tax evasion
Canta, Chiara; Cremer, Helmuth; Gahvari, Firouz - 2020
We study optimal income taxation in a framework where one's willingness to report his income truthfully is positively correlated with his type. We show that allowing low-productivity types to cheat leads to Pareto-superior outcomes as compared to deterring them, even if audits can be performed...
Persistent link: https://www.econbiz.de/10012252256
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Optimal income taxation with composition effects
Jacquet, Laurence; Lehmann, Etienne - 2017
We study the optimal nonlinear income tax problem with multidimensional individual characteristics on which taxes cannot be conditioned. We obtain an optimal tax formula that generalizes the standard one by averaging, with specific weights, the sufficient statistics of individuals who earn the...
Persistent link: https://www.econbiz.de/10011732051
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Human capital and optimal redistribution
Koeniger, Winfried; Prat, Julien - 2014
differs from the wedge for bequests because human capital carries risk: its returns depend on the non-diversifiable risk of … bad hedge for consumption risk. …
Persistent link: https://www.econbiz.de/10010440541
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Optimal income taxation of married couples : an empirical analysis of joint and individual taxation
Haan, Peter (contributor); Navarro, Dolores (contributor) - 2008
In this paper we develop a discrete model of optimal taxation of married couples and empirically discuss the optimality of income taxation for this group. To this end, we derive the social welfare function which guarantees that joint taxation of married couples is optimal. We will contrast this...
Persistent link: https://www.econbiz.de/10003777808
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Optimal income taxation with endogenous participation and search unemployment
Lehmann, Etienne (contributor);  … - 2008
This paper characterizes the optimal redistributive taxation when individuals are heterogeneous in two exogenous dimensions: their skills and their values of non-market activities. Search-matching frictions on the labor markets create unemployment. Wages, labor demand and participation are...
Persistent link: https://www.econbiz.de/10003771876
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On the optimality of a minimum wage : new insights from optimal tax theory
Hungerbühler, Mathias (contributor);  … - 2007
We build a theoretical model to study whether a minimum wage can be welfare-improving if it is implemented in conjunction with an optimized nonlinear income tax. We consider this issue in a framework where search frictions on the labor market generate unemployment. Workers differ in...
Persistent link: https://www.econbiz.de/10003603595
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A simple theory of optimal redistributive taxation with equilibrium unemployment
Hungerbühler, Mathias; Lehmann, Etienne; Parmentier, Alexis - 2010
We propose a canonical model of optimal nonlinear redistributive taxation with matching unemployment. In our model, agents are endowed with different skill levels and labor markets are perfectly segmented by skill. The government only observes negotiated wages. More progressive taxation leads to...
Persistent link: https://www.econbiz.de/10003944297
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; Van der Linden, Bruno - 2010
This paper characterizes optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous across two dimensions: specifically, their skill and disutility of participation. Preferences over consumption and work effort can differ with...
Persistent link: https://www.econbiz.de/10003944646