If individuals evaluate outcomes relative to the status quo, then a social planner may limit redistribution from rich … know (when we observe near-complete redistribution). Subjects who are themselves risk-seeking over losses drive the effect … suggest that respect for reference points of the wealthy may help explain why voters demand less redistribution than standard …

taxes. Prospective taxes will impose an efficiency loss of $0.72-$1.14 per additional dollar of tax revenue raised …This paper measures for the first time the economic efficiency effects of the taxation of wireless services, which are … taxes are a much greater drain on the economy than their direct costs. The taxes identified in this paper cost the economy …

been analyzed in terms of the equity and efficiency concerns that animate more familiar assessments of income tax policy …

to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed …This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent … for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both …

Economists tend to assume that redistributive transfers increase equity but cause a loss in efficiency, the so …-called 'leaky bucket' effect. This paper explores situations where efficiency losses are small or where equity and efficiency might …. Three situations are discussed where the equity/efficiency tradeoff may be low: When transfers go to populations with no …

What are the most efficient means of redistribution in an unequal economy? We answer this question by characterizing … the optimal shape of non-linear income and wealth taxes in a dynamic general equilibrium model with uninsurable … combined with a lump-sum transfer is nearly optimal. Though allowing for increasing marginal income and wealth taxes raises …