Showing 1 - 10 of 2,281
redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo …
Persistent link: https://www.econbiz.de/10003808609
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/10011283108
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/10011289068
fact become a very weak one. For what it matters, targeting tends to be associated with higher levels of redistribution …
Persistent link: https://www.econbiz.de/10009753045
Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...
Persistent link: https://www.econbiz.de/10010358945
undermine the political viability of free trade. We show that trade-related redistribution increases the political viability of … free trade in the US. We do so by assessing the causal effect of expected redistribution associated with the US Trade …. We find that a one standard deviation increase in redistribution leads to more than a 3% point increase in the …
Persistent link: https://www.econbiz.de/10010339571
This paper uses a laboratory experiment to explore individuals' motivations for redistribution. The laboratory results … show that as income uncertainty diminishes, participants become more extreme in their preferences for redistribution. The … findings suggest that for most people, the motivation for redistribution is financial self-interest - namely as insurance …
Persistent link: https://www.econbiz.de/10011543750
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010402108
show that the progressive labor tax can partially substitute for the redistribution in social security, thus reducing the …
Persistent link: https://www.econbiz.de/10012888436
If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R and D because it … that standard redistribution always dominates limitations to IPRs. …
Persistent link: https://www.econbiz.de/10011415064