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A Theory of Optimal Capital Taxation
Piketty, Thomas - 2012
This paper develops a realistic, tractable theoretical model that can be used to investigate socially-optimal capital taxation. We present a dynamic model of savings and bequests with heterogeneous random tastes for bequests to children and for wealth per se. We derive formulas for optimal tax...
Persistent link: https://www.econbiz.de/10013107763
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Why Do We Redistribute so Much But Tag so Little? The Principle of Equal Sacrifice and Optimal Taxation
Weinzierl, Matthew - 2012
this puzzle is a symptom of a more fundamental problem. Conventional theory neglects the diverse normative criteria with … this revision to conventional theory …
Persistent link: https://www.econbiz.de/10013107010
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Optimal Taxation in the Presence of Bailouts
Panageas, Stavros - 2010
The termination of a representative financial firm due to excessive leverage may lead to substantial bankruptcy costs. A government in the tradition of Ramsey (1927) may be inclined to provide transfers to the firm so as to prevent its liquidation and the associated deadweight costs. It is shown...
Persistent link: https://www.econbiz.de/10013150643
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Optimal Taxation and R&D Policies
Akcigit, Ufuk - 2016
We study the optimal design of corporate taxation and R&D policies as a dynamic mechanism design problem with spillovers. Firms are heterogeneous in their research productivity, i.e., in the efficiency with which they convert a given set of R&D inputs into successful innovations and that...
Persistent link: https://www.econbiz.de/10012977636
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Optimal Tax Theory : Econometric Evidence and Tax Policy
Boskin, Michael J. - 2021
The purpose of this paper is to provide a progress report on the issue of the implications of optimal tax theory and … major results of optimal tax theory. Section 3 reports the results of some recent econometric studies of saving and labor … supply. Finally, Section 4 outlines the implications of the combined theory and econometric evidence for tax policy …
Persistent link: https://www.econbiz.de/10013225427
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An Optimal Taxation Approach to Fiscal Federalism
Gordon, Roger H. - 2021
In a Federal system of government, each unit of government decides independently how much of each type of public good to provide, and what types of taxes, and which tax rates, to use in funding the public goods. In this paper we explore what types of problems can arise from this decentralized...
Persistent link: https://www.econbiz.de/10013210669
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Spreading the Wealth Around : Reflections Inspired by Joe the Plumber
Mankiw, N. Gregory - 2010
individuals' moral intuitions. The essay then explores an alternative normative framework, dubbed the Just Deserts Theory …
Persistent link: https://www.econbiz.de/10013146265
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Tax Policy, Investments in Human and Physical Capital, and Productivity
Nerlove, Marc; Razin, Assaf; Sadka, Efraim; von … - 2021
This paper analyzes the implications of tax policy for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income. discriminates against investments in human capital relative...
Persistent link: https://www.econbiz.de/10013245525
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Tax Structure and Government Behavior : Implications for Tax Policy
Gordon, Roger H.; Wilson, John D. - 2022
Changes in tax policy can affect all aspects of the economy. Not only do firms and individuals change behavior, creating efficiency costs, but government expenditure choices can also change. Unless these expenditure choices had been optimal' previously, changes in response to a tax reform affect...
Persistent link: https://www.econbiz.de/10013323997
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Taxation and Saving
Bernheim, B. Douglas - 2022
In this survey, I summarize and evaluate the extant literature concerning taxation and personal saving. I describe the theoretical models that economists have used to depict saving decisions, and I explore the positive and normative implications of these models. The central positive question is...
Persistent link: https://www.econbiz.de/10013323998