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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

Optimal Debt Management

Barro, Robert J. - 2021

Optimal debt management can be thought of in three stages. First, if taxes are lump sum and the other conditions for Ricardian equivalence hold, then the division of government financing between debt and taxes is irrelevant, and the whole level of public debt is indeterminate from an optimal-tax...

Persistent link: https://www.econbiz.de/10013218521

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

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

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

Political Economy of Ramsey Taxation

Acemoglu, Daron - 2009

We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good provision are decided by a self-interested politician who cannot commit to policies. We show that, as long as the discount factor of the politician is equal to or greater than...

Persistent link: https://www.econbiz.de/10013156673

Tax Policy, Investments in Human and Physical Capital, and Productivity

Nerlove, Marc L.; 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

Transfer Motives and Tax Policy

Kaplow, Louis - 2021

This paper considers the optimal tax treatment of voluntary transfers to individuals in a" framework that integrates redistributive income taxation and estate and gift taxation. Under this" formulation, redistributive considerations become secondary. The optimal tax treatment of" transfers...

Persistent link: https://www.econbiz.de/10013230777

Optimal Taxation and Optimal Tax Systems

Slemrod, Joel - 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

Taxation and Saving

Bernheim, Bert 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