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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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Choosing Size of Government Under Ambiguity : Infrastructure Spending and Income Taxation
Manski, Charles F. - 2012
Attempting to shed light on the optimal size of government, economists have analyzed planning problems that specify a set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy choice of a planner who knows the welfare achieved by each...
Persistent link: https://www.econbiz.de/10013104080
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Optimal Taxation and Social Insurance with Endogenous Private Insurance
Chetty, Raj - 2013
This paper characterizes the welfare gains from redistributive taxation and social insurance in an environment where the private sector provides partial insurance. We analyze stylized models in which adverse selection, pre-existing information, or imperfect optimization in private insurance...
Persistent link: https://www.econbiz.de/10012753423
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A Variational Approach to the Analysis of Tax Systems
Golosov, Mikhail - 2015
We develop a general method to study the effects of non-linear taxation in dynamic settings using variational arguments. We first derive general theoretical formulas that characterize the welfare effects of local tax reforms and, in particular, the optimal tax system, potentially restricted...
Persistent link: https://www.econbiz.de/10013031295
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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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Inertia and Overwithholding : Explaining the Prevalence of Income Tax Refunds
Jones, Damon - 2010
Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax liability. This amounts to a zero interest loan to the government. Previous studies have suggested two main explanations for this behavior: precautionary behavior in light of tax...
Persistent link: https://www.econbiz.de/10013143772
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A New Measure of Horizontal Equity
Auerbach, Alan J.; Hassett, Kevin A. - 2021
In this paper, we propose a new measure of horizontal equity that overcomes many of the shortcomings of previous proposed measures. Our starting point is the observation that a well-behaved social welfare function need not evaluate global' (vertical equity) differences in after-tax income using...
Persistent link: https://www.econbiz.de/10013237932
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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
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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
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Gender Based Taxation and the Division of Family Chores
Alesina, Alberto F. - 2010
Gender-Based Taxation (GBT) satisfies Ramsey's rule of optimality because it taxes at a lower rate the more elastic labor supply of women. This holds when different elasticities between men and women are taken as exogenous. We study GBT in a model in which labor supply elasticities emerge...
Persistent link: https://www.econbiz.de/10012759662