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Persistent link: https://www.econbiz.de/10012027939
social insurance against idiosyncratic wage risk, but distort the education decision of households. Optimally chosen tertiary …
Persistent link: https://www.econbiz.de/10013015973
household heterogeneity in which uninsurable labor productivity risk gives rise to a nontrivial income and wealth distribution …
Persistent link: https://www.econbiz.de/10013243471
This paper examines the optimal setting of environmental taxes in economies where other, distortionary taxes are present. We employ analytical and numerical models to explore the degree to which, in a second best economy, optimal environmental tax rates differ from the rates implied by the...
Persistent link: https://www.econbiz.de/10013067997
There has been keen interest in recent years in environmentally motivated or 'green' tax reforms. This paper employs analytical and numerical general equilibrium models to investigate the costs of such reforms, concentrating on the question of whether these costs can be eliminated when revenues...
Persistent link: https://www.econbiz.de/10013221922
Persistent link: https://www.econbiz.de/10010192010
We study the incidence and the optimal design of nonlinear income taxes in a Mirrleesian economy with a continuum of endogenous wages. We characterize analytically the incidence of any tax reform by showing that one can mathematically formalize this problem as an integral equation. For a CES...
Persistent link: https://www.econbiz.de/10012982939
This paper develops a methodology in integrating the information from a micro-unit data file of tax returns into the framework of a general equilibrium model of taxation with endogenous financial behavior. It discusses how the available information on capital income flows can be used to impute...
Persistent link: https://www.econbiz.de/10013221320
consumption tax. We compute a sequence of single period equilibria in which savings decisions depend on the expected future return …
Persistent link: https://www.econbiz.de/10013311910
critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …
Persistent link: https://www.econbiz.de/10013053493