Showing 1 - 10 of 561
consumption taxation and income-based transfer programs. For example, might myopic individuals, as a first approximation, view …
Persistent link: https://www.econbiz.de/10011271390
Imperfect information and inattention to energy costs are important potential justifications for energy efficiency standards and subsidies. We evaluate these policies in the lightbulb market using a theoretical model and two randomized experiments. We derive welfare effects as functions of...
Persistent link: https://www.econbiz.de/10010884914
The Tax Reform Act of 1986 was a powerful pro-growth force for the American economy. Equally important, as we look back on it after 25 years, we also see that it taught us two important lessons. First, it showed that politicians with very different political philosophies on the right and on the...
Persistent link: https://www.econbiz.de/10009325520
We study optimal labor and savings distortions in a lifecycle model with idiosyncratic shocks. We show a tight connection between its recursive formulation and a static Mirrlees model with two goods, which allows us to derive elasticity-based expressions for the dynamic optimal distortions. We...
Persistent link: https://www.econbiz.de/10009372438
The paper studies a fiscal policy instrument that can reduce fiscal distortions without affecting revenues, in a politically viable way. The instrument is a private contract (tax buyout), offered by the government to each citizen, whereby the citizen can choose to pay a fixed price in exchange...
Persistent link: https://www.econbiz.de/10008627131
This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical … complete markets allocation. Because capital income varies with the state of the economy, capital taxation provides a state … contingent source of revenues. I thus identify a novel potential role for capital taxation as a risk sharing instrument between …
Persistent link: https://www.econbiz.de/10005829854
are particularly responsive to taxation. We then derive optimal income tax structures using these elasticities. Our …
Persistent link: https://www.econbiz.de/10005774894
We describe a regulatory framework that helps consumers who have difficulty sticking to their own long-run plans. Early Decision regulations help long-run preferences prevail by allowing consumers to partially commit to their long-run goals, making it harder for a momentary impulse to reverse...
Persistent link: https://www.econbiz.de/10005004688
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011201885
This paper calculates monthly time series for the overall safety net's statutory marginal labor income tax rate as a function of skill and marital status. Marginal tax rates increased significantly for all groups between 2007 and 2009, and dramatically so for unmarried household heads. The...
Persistent link: https://www.econbiz.de/10010969427