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demands more redistribution. Adverse shocks, like earthquakes, strengthen the belief that random "bad luck" can frustrate the … redistribution. We then present evidence of this behavior by exploiting a natural experiment provided by one of the strongest seismic … with survey data about individual opinions on redistribution collected a few months later. The empirical analysis …
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Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax-and-transfer system in mitigating such inequalities, which could otherwise lead to disparities in living standards. Utilizing a life-cycle model, we determine that taxes and...
Persistent link: https://www.econbiz.de/10014419242
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
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I investigate numerically the following question: Given that individuals with different wages disagree over the optimal labour-income tax schedule, how would such disagreements be affected if society restricted itself to using linear tax schedules? I find that there would be (i) a decrease in...
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We assess the usefulness of stochastic redistribution among a continuum of risk-averse agents with quasilinear … circumstances where stochastic redistribution is socially dominated by the deterministic policy where after-tax income lotteries are …
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