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Human Capital and Optimal Redistribution
Koeniger, Winfried - 2014
We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can …
Persistent link: https://www.econbiz.de/10013042983
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Mobility, Taxation and Welfare
Bibi, Sami - 2011
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
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The Optimal Graduated Minimum Wage and Social Welfare
Danziger, Eliav - 2018
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
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Redistribution and Insurance with Simple Tax Instruments
Findeisen, Sebastian - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …
Persistent link: https://www.econbiz.de/10013016371
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A Microsimulation Approach to an Optimal Swedish Income Tax
Ericson, Peter - 2010
This paper follows the theory of optimal taxation and the goal is to identify a tax/benefit design that maximizes …
Persistent link: https://www.econbiz.de/10013150949
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Why Praise Inequality? Public Good Provision, Income Distribution and Social Welfare
Dasgupta, Indraneel - 2011
redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo …
Persistent link: https://www.econbiz.de/10012756257
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 2015
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10013016339
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Education and Optimal Dynamic Taxation
Findeisen, Sebastian - 2011
We study optimal tax and educational policies in a dynamic private information economy, in which ex-ante heterogeneous individuals make an educational investment early in their life and face a stochastic wage distribution. We characterize labor and education wedges in this setting analytically...
Persistent link: https://www.econbiz.de/10013118777
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Optimal Piecewise Linear Income Taxation
Apps, Patricia F. - 2011
Given its significance in practice, piecewise linear taxation has received relatively little attention in the literature. This paper offers a simple and transparent analysis of its main characteristics. We fully characterize optimal tax parameters for the cases in which budget sets are convex...
Persistent link: https://www.econbiz.de/10013119548
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Employment, Hours of Work and the Optimal Taxation of Low Income Families
Blundell, Richard W. - 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/10013123920