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Capital Taxation Under Political Constraints

Scheuer, Florian - 2014

This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, credible policies are those that will continue to attract enough political support in the future. If the only...

Persistent link: https://www.econbiz.de/10013055499

Optimal Fiscal Limits

Coate, Stephen - 2014

This paper studies the optimal design of fiscal limits in the context of a simple political economy model. The model features a single politician and a representative voter. The politician is responsible for choosing the level of public spending for the voter but may be biased in favor of...

Persistent link: https://www.econbiz.de/10013044620

In Praise of Frank Ramsey's Contribution to the Theory of Taxation

Stiglitz, Joseph E. - 2014

Frank Ramsey's classic paper "A contribution to the theory of taxation" gave rise to the modern theory of optimal …

Persistent link: https://www.econbiz.de/10013046599

Optimal Taxation and Optimal Tax Systems

Slemrod, Joel B. - 2021

The theory of optimal taxation has , for the pas two decades , been the reigning normative approach of taxation. This … paper argues that , in its current state, optimal tax theory is incomplete as a guide to action concerning many critical … paper first presents the three cornerstone propositions of optimal tax theory, and then it discusses the influence of these …

Persistent link: https://www.econbiz.de/10013232163

Non-Leaky Buckets : Optimal Redistributive Taxation and Agency Costs

Lyon, Andrew B.; Hoff, Karla - 2021

Economists have generally argued that income redistribution comes at a cost in aggregate incomes. We provide a counter-example in a model where private information gives rise to incentive constraints. In the model, a wage tax creates the usual distortion in labor-leisure choices, but the grants...

Persistent link: https://www.econbiz.de/10013233865

Self-Selection and Pareto Efficient Taxation

Stiglitz, Joseph E. - 2021

make the theory more realistic …

Persistent link: https://www.econbiz.de/10013237284

The Taxation of Exhaustible Resources

Dasgupta, Partha; Heal, Geoffrey M.; Stiglitz, Joseph E. - 2021

This paper analyzes the effect of taxation on the intertemporal allocation of an exhaustible resource. A general framework within which a large variety of taxes can be analyzed is developed and then applied to a number of specific taxes. It is shown that there exists a pattern of taxation which...

Persistent link: https://www.econbiz.de/10013240662

The Desirability of Commodity Taxation Under Non-Linear Income Taxation and Heterogeneous Tastes

Saez, Emmanuel - 2021

This paper revisits the Atkinson-Stiglitz result on uselessness of commodity taxation in the presence of optimal non-linear income taxation in a more general setup, namely when tastes are heterogeneous. This general analysis displays the key economic assumptions under which the Atkinson-Stiglitz...

Persistent link: https://www.econbiz.de/10013311859

Dynamic Taxation

Stantcheva, Stefanie - 2022

This paper reviews recent advances in the study of dynamic taxation, considering three main approaches: the dynamic Mirrlees, the parametric Ramsey, and the sufficient statistics approaches. In the first approach, agents' heterogeneous abilities to earn income are private information and evolve...

Persistent link: https://www.econbiz.de/10014265071

The Optimal Taxation of Height : A Case Study of Utilitarian Income Redistribution

Mankiw, N. Gregory - 2011

Should the income tax include a credit for short taxpayers and a surcharge for tall ones? The standard Utilitarian framework for tax analysis answers this question in the affirmative. Moreover, a plausible parameterization using data on height and wages implies a substantial height tax: a tall...

Persistent link: https://www.econbiz.de/10013134658

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