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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 … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …
Persistent link: https://www.econbiz.de/10011307325
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Anatomy of policy complementarities
Orszag, Jonathan Michael; Snower, Dennis J. - 1999
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...
Persistent link: https://www.econbiz.de/10010273118
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Anatomy of Policy Complementarities
Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...
Persistent link: https://www.econbiz.de/10005763705
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Insurance, Redistribution, and the Inequality of Lifetime Income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria L. - 2018
lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system … risk. Progressive taxation of annual earnings provides little insurance against lifetime earnings risk. The lifetime … insurance effects of taxation may be improved by moving to a progressive tax on lifetime earnings. Similarly, the lifetime …
Persistent link: https://www.econbiz.de/10011816547
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer; Blumkin, Tomer; Micheletto, Luca - 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/10011307364
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Optimal Income Taxation with Endogenous Participation and Search Unemployment
Lehmann, Etienne; Parmentier, Alexis; Van der Linden, Bruno - Institute for the Study of Labor (IZA) - 2008
This paper characterizes the optimal redistributive taxation when individuals are heterogeneous in two exogenous …
Persistent link: https://www.econbiz.de/10005763886
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Optimal Taxation with Multiple Incomes and Types
Spiritus, Kevin; Lehmann, Etienne; Renes, Sander; … - 2022
method to find the optimal tax schedule. Applied to the optimal taxation of couples, we find that optimal isotax curves are …
Persistent link: https://www.econbiz.de/10012882612
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Shifting Taxes from Labor to Consumption: Efficient, but Regressive?
Pestel, Nico; Sommer, Eric - Institute for the Study of Labor (IZA) - 2013
Shifting taxes from labor income to consumption is regularly suggested as a measure to induce work incentives. We investigate the effect of increases in the Value Added Tax on labor supply and the income distribution in Germany, which is compensated by a revenue-neutral reduction in...
Persistent link: https://www.econbiz.de/10011212759
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Education and Optimal Dynamic Taxation
Findeisen, Sebastian; Sachs, Dominik - Institute for the Study of Labor (IZA) - 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/10009359855
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Tax-Benefit Revealed Redistributive Preferences Over Time: Ireland 1987-2005
Bargain, Olivier; Keane, Claire - Institute for the Study of Labor (IZA) - 2010
By inverting Saez (2002)'s model of optimal income taxation, we characterize the redistributive preferences of the …
Persistent link: https://www.econbiz.de/10008682243