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Menus of Linear Income Tax Schedules
Alesina, Alberto F.; Weil, Philippe - 2021
Relative to traditional piecewise linear income taxation schemes, it is possible to increase government revenues by offering to consumers a menu of linear income tax schedules. In the resulting Pareto-superior equilibrium, consumers sort themselves out according to their (unobservable)...
Persistent link: https://www.econbiz.de/10013229356
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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
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Tax and Education Policy in a Heterogeneous Agent Economy : What Levels of Redistribution Maximize Growth and Efficiency?
Bénabou, Roland - 2021
costs and benefits of redistribution are generally of the same order of magnitude, resulting in reasonable values for the …
Persistent link: https://www.econbiz.de/10013221848
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Redistributing the Gains from Trade Through Progressive Taxation
Lyon, Spencer - 2018
Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of a progressive tax system? We answer these question within a standard incomplete markets model with frictional labor markets and Ricardian trade. Consistent with empirical...
Persistent link: https://www.econbiz.de/10012915221
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The Size and Scope of Government : Comparative Politics with Rational Politicians
Persson, Torsten; Tabellini, Guido - 2021
some key marginal districts. This leads to less public goods, less rents for politicians, more redistribution and larger … politicians redistribution, and smaller government. We confront these predictions with cross-country data from around 1990 …
Persistent link: https://www.econbiz.de/10013239161
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Investment Taxes and Equity Returns
Sialm, Clemens - 2010
This paper investigates whether investors are compensated for the tax burden of equity securities. Effective tax rates on equity securities vary due to frequent tax reforms and due to persistent differences in propensities to pay dividends. The paper finds an economically and statistically...
Persistent link: https://www.econbiz.de/10012761666
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Randomization in Optimal Income Tax Schedules
Brito, Dagobert L.; Hamilton, Jonathan H.; Slutsky, Steven - 2021
The optimal income tax problem, since it requires self-selection constraints which define nonconvex feasible sets, is one of the many problems in economics for which randomization in the solution may be desirable. For a two-class economy. we characterize the optimal random tax schedules and we...
Persistent link: https://www.econbiz.de/10013221874
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What Happens When You Tax the Rich? Evidence from Executive Compensation
Goolsbee, Austan - 2021
This paper reexamines the responsiveness of taxable income to changes in in marginal tax rates using detailed compensation data on several thousand corporate executives from 1991 to 1995. The data confirm that the higher marginal rates of 1993 led to a significant decline in taxable income. This...
Persistent link: https://www.econbiz.de/10013232006
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The Optimal Two-Bracket Linear Income Tax
Slemrod, Joel B.; Yitzhaki, Shlomo; Mayshar, Joram - 2022
We investigate the optimal rate structure of an income tax system that is constrained to have only two brackets, plus a demogrant. We find that, in a two-class economy, Pareto efficient tax schedules feature at least one marginal tax rate equal to zero, and that the marginal tax rate may be...
Persistent link: https://www.econbiz.de/10013309578
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Generating Equality and Eliminating Poverty, the Swedish Way
Bjorklund, Anders; Freeman, Richard B. - 2022
Sweden has a remarkable record in reducing inequality and virtually eliminating poverty. This paper shows that: 1 …) Sweden achieved its egalitarian income distribution and eliminated poverty largely because of its system of earnings and … Sweden is distinguished by a relatively egalitarian distribution of hours of work among those employed, which may be an …
Persistent link: https://www.econbiz.de/10013309574