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The Value of a Statistical Life and the Coefficient of Relative Risk Aversion
Kaplow, Louis - 2003
Individuals' risk preferences are estimated and employed in a variety of settings, notably including choices in …' coefficients of relative risk aversion (CRRA's) in excess of one, and often significantly higher. However, it can be shown that …) anomaly involving individuals' risk-taking behavior in different market settings …
Persistent link: https://www.econbiz.de/10012786465
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Incentives and Government Relief for Risk
Kaplow, Louis - 2010
. This paper explores the effect of such relief on incentives and the allocation of risk in a model with private insurance …
Persistent link: https://www.econbiz.de/10012760198
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Government Relief for Risk Associated with Government Action
Kaplow, Louis - 2010
A significant source of risk arises from uncertainty concerning future government policy. Government action - - tax … preexisting rules. The effects of government relief - - compensation, grandfathering, phase-ins - - on ex ante incentives and risk …
Persistent link: https://www.econbiz.de/10012760199
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Optimal Distribution and Taxation of the Family
Kaplow, Louis - 2010
Income tax burdens on family units are adjusted to reflect differences in ability to pay attributable to whether the unit consists of a single individual or a married couple and how many dependents are present. Substantial controversy exists over the appropriate forms of adjustment, and existing...
Persistent link: https://www.econbiz.de/10013135144
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An Optimal Tax System
Kaplow, Louis - 2011
A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. This review essay builds on this trait and offers a more explicit foundation for the report's general approach, drawing on a distribution-neutral methodology that is...
Persistent link: https://www.econbiz.de/10013122469
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A Note on Taxation as Social Insurance for Uncertain Labor Income
Kaplow, Louis - 2014
the benefits of mitigating risk exceed incentive costs. This note suggests that private insurance should be considered …
Persistent link: https://www.econbiz.de/10013069377
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Market Power and Income Taxation
Kaplow, Louis - 2019
Does significant market power or the presence of large rents affect optimal income taxation, calling for greater redistribution due to tainted gains? Or perhaps less because of an additional wedge that distorts labor effort? Do concerns about inequality have implications for antitrust,...
Persistent link: https://www.econbiz.de/10012891788
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Myopia and the Effects of Social Security and Capital Taxation on Labor Supply
Kaplow, Louis - 2010
Myopia is increasingly believed to be a significant determinant of behavior and also plays a central role in justifications for social security and policies toward the taxation of capital. It is important, however, to account for labor supply effects, particularly in light of the preexisting...
Persistent link: https://www.econbiz.de/10012760716
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Optimal Control of Externalities in the Presence of Income Taxation
Kaplow, Louis - 2010
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10012761266
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Optimal Income Transfers
Kaplow, Louis - 2010
A substantial literature addresses the design of transfer programs and policies, including the negative income tax, other means-tested transfers, the earned income tax credit, categorical assistance, and work inducements. This work is largely independent of that on the optimal nonlinear income...
Persistent link: https://www.econbiz.de/10012761400