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Fiscal redistribution and social welfare

Coady, David P.; D'Angelo, Devin; Evans, Brooks - 2019

Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal...

Persistent link: https://www.econbiz.de/10012009467

Inequality and Optimal Redistributive Tax and Transfer Policies

Zee, Howell H. - 1999

This paper explores the revenue-raising aspect of progressive taxation and derives, on the basis of a simple model, the … poor. The paper shows that not only would it be optimal to finance the targeted transfers with progressive taxation, but … different assumptions about the efficiency cost of taxation and society’s aversion to inequality …

Persistent link: https://www.econbiz.de/10014400295

The Dynamic Macroeconomic Effects of Tax Policy in an Overlapping Generations Model

Heijdra, Ben J. - 1998

The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax....

Persistent link: https://www.econbiz.de/10014400101

On the Measurement of Horizontal Inequity

Lambert, Peter J. - 1995

This paper makes a new attack on the old problem of measuring horizontal inequity in the income tax. Local measures of inequality of posttax income among pretax equals are proposed, which reflect alternative value judgments about the nature and magnitude of an inequity. These measures are...

Persistent link: https://www.econbiz.de/10014398202

Two-sided market, R&D and payments system evolution

Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019

It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...

Persistent link: https://www.econbiz.de/10012009590

Network Externalities and Dollarization Hysteresis : The Case of Russia

Oomes, Nienke - 2003

Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this ""dollarization hysteresis,"" this paper develops a model in which network externalities in the demand for currency...

Persistent link: https://www.econbiz.de/10014403658

Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko - 2005

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10014404197

Social versus individual work preferences : implications for optimal income taxation

An, Zhiyong; Coady, David P. - 2022

Persistent link: https://www.econbiz.de/10013169902

The optimal turnover threshold and tax rate for SMEs

Wei, Feng; Wen, Jean-François - 2019

Presumptive income taxes in the form of a tax on turnover for SMEs are pervasive as a way to reduce the costs of compliance and administration. We analyze a model where entrepreneurs allocate labor to the formal and informal sectors. Formal sector income is subjected either to a corporate income...

Persistent link: https://www.econbiz.de/10012021806

Progressive taxation of extractive resources as second-best optimal policy

Wen, Jean-François - 2018

The paper provides a critical review of the literature on the concept of progressivity in the taxation of petroleum and … should be placed on tax rate progression of the direct taxation of profit or rent, rather than progressivity in the overall …

Persistent link: https://www.econbiz.de/10011866423

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