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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

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

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

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

Sufficient statistic or not? : the elasticity of taxable income in the presence of deduction possibilities

Doerrenberg, Philipp; Peichl, Andreas; Siegloch, Sebastian - 2014

The elasticity of taxable income (ETI) is often interpreted as a sufficient statistic to assess the welfare costs of taxation. Building on the conceptual framework of Chetty (2009), we show that this assertion does no longer hold for tax systems with deduction possibilities if (i) deductions...

Persistent link: https://www.econbiz.de/10010417996

On vertically challenged and horizontal equity : reassessing anti-discrimination rules

Blumkin, Tomer (contributor); Margaliyot, Yoram (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002035661

Optimal redistributive taxation in a search equilibrium model

Hungerbühler, Mathias; Lehmann, Etienne; Parmentier, Alexis - 2005

This paper characterizes optimal non-linear income taxation in an economy with a continuum of unobservable productivity levels and endogenous involuntary unemployment due to frictions in the labor markets. Redistributive taxation distorts labor demand and wages. Compared to their efficient...

Persistent link: https://www.econbiz.de/10002549363

Union strategy and optimal income taxation

Kessing, Sebastian (contributor); Konrad, Kai A. (contributor) - 2005

Restrictions on work hours are more important in countries with a large welfare state. We show that this empirical observation is consistent with the strategic effects of such restrictions in a welfare state in the context of optimal direct taxation in the tradition of Mirrlees (1971). Our...

Persistent link: https://www.econbiz.de/10002706037

Optimal redistributive taxation with both labor supply and labor demand responses

Jacquet, Laurence; Lehmann, Etienne; Van der Linden, Bruno - 2011

This paper characterizes the optimal redistributive tax schedule in a matching unemployment framework with endogenous (voluntary) nonparticipation and (involuntary) unemployment. The optimal employment tax rate is given by an inverse employment elasticity rule. This rule depends on the global...

Persistent link: https://www.econbiz.de/10009238583

Employment, hours of work and the optimal taxation of low income families

Blundell, Richard W.; Shephard, Andrew - 2011

The optimal design of low income support is examined using a structural labour supply model. The approach incorporates unobserved heterogeneity, fixed costs of work, childcare costs and the detailed non-convexities of the tax and transfer system. The analysis considers purely Pareto improving...

Persistent link: https://www.econbiz.de/10009307333