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Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

Growth Elasticities of Poverty Reduction

Ravallion, Martin - National Bureau of Economic Research - 2022

poverty with respect to changes in the mean of the distribution of income, thus analytically linking the poverty measures to … key macroeconomic aggregates. Numerous insights are found in Kakwani's elasticities. However, the literature on poverty … and growth since then has revealed that the impacts of economic growth on poverty, as observed in practice, can be …

Persistent link: https://www.econbiz.de/10013362055

Notes on Optimal Wage Taxation and Uncertainty

Eaton, Jonathan - 1979

Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with certainty. The purpose of this paper is to analyze optimal taxation when workers have imperfect information about their wages at the time they choose their labor supplies. Both...

Persistent link: https://www.econbiz.de/10012478760

Increasing Hours Worked : Moonlighting Responses to a Large Tax Reform

Tazhitdinova, Alisa - 2020

Moonlighting is increasingly popular in OECD countries, with 5 to 10% of workers holding two or more jobs. However, little is known about the responsiveness of moonlighting to financial incentives due to the lack of identifying variation. This paper studies a unique reform in Germany that...

Persistent link: https://www.econbiz.de/10012481274

Bounds on Elasticities with Optimization Frictions : A Synthesis of Micro and Macro Evidence on Labor Supply

Chetty, Raj - 2009

How can price elasticities be identified when agents face optimization frictions such as adjustment costs or inattention? I derive bounds on structural price elasticities that are a function of the observed effect of a price change on demand, the size of the price change, and the degree of...

Persistent link: https://www.econbiz.de/10012463033

Optimal Minimum Wage Policy in Competitive Labor Markets

Lee, David - 2008

This paper provides a theoretical analysis of optimal minimum wage policy in a perfectly competitive labor market. We show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values redistribution toward low wage workers and if unemployment...

Persistent link: https://www.econbiz.de/10012464328

Optimal Control of Externalities in the Presence of Income Taxation

Kaplow, Louis - 2006

A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...

Persistent link: https://www.econbiz.de/10012466326

The Optimal Taxation of Unskilled Labor with Job Search and Social Assistance

Boone, Jan - 2003

In order to explore the optimal taxation of low-skilled labor, we extend the standard model of optimal non-linear income taxation in the presence of quasi-linear preferences in leisure by allowing for involuntary unemployment, job search and an exogenous welfare benefit. In trading off...

Persistent link: https://www.econbiz.de/10012468913

Taxation of Labor Income and the Demand For Risky Assets

Elmendorf, Douglas W. - 1991

The effect of uninsured labor income risk on the joint saving/portfolio composition decision is analyzed using new techniques from the theory of multiple risk-bearing. Applying this analysis, the effect of labor income taxes on the demand for risky securities is considered. It is well known that...

Persistent link: https://www.econbiz.de/10012475083

Precautionary Saving and the Timing of Taxes

Kimball, Miles S. - 1988

This paper analyzes the effects of government debt and income taxes on consumption and saving in a world of infinitely-lived households having uncertain and heterogeneous incomes. The special structure of the model allows exact aggregation across households despite incomplete markets. The...

Persistent link: https://www.econbiz.de/10012476384