Showing 1 - 10 of 351
distribution, because interpersonal externalities implied by the presence of bequest motive are irrelevant from the welfare point …
Persistent link: https://www.econbiz.de/10008631085
Educational subsidies are frequently justified as a method of altering the income distribution. It is thus natural to compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade-offs are frequently discussed, they are rarely...
Persistent link: https://www.econbiz.de/10005717957
With fixed costs of developing technology, taxes can generate large efficiency costs by slowing the rate of diffusion and these costs are not accounted for in conventional analyses. This paper illustrates this by analyzing the impact that taxes would have had on broadband Internet access at an...
Persistent link: https://www.econbiz.de/10005777868
A large literature evaluating the welfare effects of taxation has examined the role of the labor supply elasticity, and … has shown that the estimated welfare effects are highly sensitive to its size. A common feature of this literature is its … margin (hours worked). To understand the implications of the participation decision for the welfare analysis of tax reform …
Persistent link: https://www.econbiz.de/10005037665
We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...
Persistent link: https://www.econbiz.de/10005575149
We develop a unifying framework for optimal income taxation in multi-sector economies with general patterns of externalities. Agents in this model are characterized by an N-dimensional skill vector corresponding to intrinsic abilities in N potentially externality-causing activities. The private...
Persistent link: https://www.econbiz.de/10010821918
increase social welfare. The chapter summarizes the literature on the consequences of risky health behaviors for economic …
Persistent link: https://www.econbiz.de/10009025232
A prominent assumption in modern optimal tax research is that the objective of taxation is Utilitarian. I present new survey evidence that most people reject this assumptionʼs implications for several prominent features of tax policy, instead preferring tax policies based at least in part on a...
Persistent link: https://www.econbiz.de/10011098325
We propose a theory of monetary policy and macroprudential interventions in financial markets. We focus on economies with nominal rigidities in goods and labor markets and subject to constraints on monetary policy, such as the zero lower bound or fixed exchange rates. We identify an aggregate...
Persistent link: https://www.econbiz.de/10010969453
This paper uses Roy's model of sorting behavior to study welfare implication of current health care data production … of bias cannot be established and welfare may decrease due to new data. Direct diversification of treatment receipt may …
Persistent link: https://www.econbiz.de/10010950736