Showing 1 - 10 of 341
In a dynamic optimising model with costly tax collection, a tax cut by one nation creates positive externalities for the rest of the world if initial public debt stocks are positive. By reducing tax collection costs, current tax cuts boost the resources available for current private consumption,...
Persistent link: https://www.econbiz.de/10013247022
Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...
Persistent link: https://www.econbiz.de/10013123610
Gender-Based Taxation (GBT) satisfies Ramsey's rule of optimality because it taxes at a lower rate the more elastic labor supply of women. This holds when different elasticities between men and women are taken as exogenous. We study GBT in a model in which labor supply elasticities emerge...
Persistent link: https://www.econbiz.de/10012759662
This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal in-come taxation in which a government seeks to maximize social welfare. It shows that the optimal graduated minimum wage increases social welfare by increasing the lowproductivity workers'...
Persistent link: https://www.econbiz.de/10012923241
model which features compulsory savings accounts and transparent pricing of health services. It has achieved some of the … how tax cuts can be designed to help establish compulsory savings accounts so that a publicly funded welfare system can be … also key differences. We present a new unified approach to the funding of health, retirement and risk-cover (for events …
Persistent link: https://www.econbiz.de/10012960259
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10013230179
taxation. We present a dynamic model of savings and bequests with heterogeneous random tastes for bequests to children and for …
Persistent link: https://www.econbiz.de/10013107763
With heterogeneity in both skills and discount factors, the Atkinson-Stiglitz theorem that savings should not be taxed … equilibrium, a small savings tax on high earners and a small savings subsidy on low earners both increase welfare, regardless of … to switch to a lower paid job. Extending Saez (2002), a uniform savings tax increases welfare if the correlation of skill …
Persistent link: https://www.econbiz.de/10013152380
Numerous recent studies have indicated that interactions with a tax-distorted labor market increase the cost of pollution regulation. However, these studies have made restrictive assumptions regarding individual preferences and have ignored key links between pollution, human health, and labor...
Persistent link: https://www.econbiz.de/10013221285
The literature on environmental taxation in the presence of pre-existing distortionary taxes has shown that the interactions with pre-existing taxes tend to raise the cost of an environmental tax, and thus that the optimal environmental tax in that context is less than marginal environmental...
Persistent link: https://www.econbiz.de/10013221508