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Efficient tax policy ranks education higher than saving

Richter, Wolfram F. (contributor) - 2008

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10003688797

Information nudges, subsidies, and crowding out of attention : field evidence from energy efficiency investments

Rodemeier, Matthias; Löschel, Andreas - 2023

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

Persistent link: https://www.econbiz.de/10014279873

Cognitive ability and paternalism

Saint-Paul, Gilles - 2002

This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...

Persistent link: https://www.econbiz.de/10011414080

Capital taxation, retained earnings and inequality : evidence from dividend tax reforms

Berman, Yonatan; Klor, Esteban F. - 2024

This paper studies the effects of capital tax reforms on retained earnings, dividend tax revenues, and income … inequality in Israel between 2001 and 2020. We analyze two major dividend tax reforms: a permanent rate increase in 2012 and a … increase in the dividend tax rate resulted in an immediate increase of over 100% in the withdrawal of retained earnings and in …

Persistent link: https://www.econbiz.de/10015077933

How to tax different incomes?

Jacquet, Laurence; Lehmann, Etienne - 2021

We study the optimal tax system when taxpayers earn different kinds of income by supplying different inputs. Imperfect substitution between inputs allows for general equilibrium effects. We consider any type of cross-base responses to tax changes such as income-shifting. Formalizing the tax...

Persistent link: https://www.econbiz.de/10012624716

How should capital be taxed? : theory and evidence from Sweden

Bastani, Spencer; Waldenström, Daniel - 2018

This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...

Persistent link: https://www.econbiz.de/10011845732

Estimating the Laffer tax rate on capital income : cross-base responses matter!

Lefebvre, Marie-Noëlle; Lehmann, Etienne; Sicsic, Michaël - 2023

We theoretically express the Laffer tax rate on capital income as a function of the elasticities of capital income (the "direct" elasticity) and of labor income (the "cross" elasticity) with respect to the net-of-tax rate on capital income. We estimate these elasticities using salient capital...

Persistent link: https://www.econbiz.de/10014276708

Does the wealth tax kill jobs?

Bjørneby, Marie; Markussen, Simen; Røed, Knut - 2020

Fueled by increasing inequality and rising fiscal deficits, the interest in wealth taxation has increased over the last years, both in the public debate and in academia. Yet, knowledge about the behavioral effects of a wealth tax is limited. We utilize rich Norwegian register data and a series...

Persistent link: https://www.econbiz.de/10012295610

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 provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is independent of the social welfare function and...

Persistent link: https://www.econbiz.de/10011283108

Capital income taxation and the mirrlees review

Apps, Patricia; Rees, Ray - 2012

The Mirrlees Review of the UK tax system, together with its companion volume of research papers, can be expected to influence future discussions of tax reform. Indeed, this can already be recognised in the Henry Review. As far as income taxation is concerned, the most substantive recommendation...

Persistent link: https://www.econbiz.de/10009548071