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Bunching and Taxing Multidimensional Skills

Boerma, Job; Tsyvinski, Aleh; Zimin, Alexander P. - National Bureau of Economic Research - 2022

We characterize optimal policies in a multidimensional nonlinear taxation model with bunching. We develop an empirically relevant model with cognitive and manual skills, firm heterogeneity, and labor market sorting. The analysis of optimal policy is based on two main results. We first derive an...

Persistent link: https://www.econbiz.de/10013210043

Optimal Taxation of Risky Entrepreneurial Capital

Boar, Corina; Knowles, Matthew P. - National Bureau of Economic Research - 2022

We study optimal taxation in a model with endogenous financial frictions, risky investment and occupational choice, where the distribution of wealth across entrepreneurs affects how efficiently capital is used. The planner chooses linear taxes on wealth, capital and labor income to maximize the...

Persistent link: https://www.econbiz.de/10013191056

Sufficient Statistics for Nonlinear Tax Systems with Preference Heterogeneity

Ferey, Antoine; Lockwood, Ben; Taubinsky, Dmitry - National Bureau of Economic Research - 2021

This paper provides general and empirically implementable sufficient statistics formulas for optimal nonlinear tax systems in the presence of preference heterogeneity. We study unrestricted tax systems on income and savings (or other commodities) that implement the optimal direct-revelation...

Persistent link: https://www.econbiz.de/10012794610

Taxation of Investment and Savings in a World Economy : The Certainty Case

Gordon, Roger H. - 1985

market where there are many countries, each with its own tax rates and inflation rate. When nominal interest is taxable but … and, among the remaining investors, those with lower tax rates buy bonds of countries with higher inflation rates. Because … of the tax system, countries with a higher inflation rate must pay a higher real interest rate on their debt. This is …

Persistent link: https://www.econbiz.de/10012477356

Self-Selection and Pareto Efficient Taxation

Stiglitz, Joseph E. - 1981

This paper analyzes the set of Pareto efficient tax structures. The formulation of the problem as one of self-selection not only shows more clearly the similarity between this problem and a number of other problems (such as optimal pricing of a monopolist) which have recently been the subject of...

Persistent link: https://www.econbiz.de/10012478491

The Taxation of Exhaustible Resources

Dasgupta, Partha - 1980

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/10012478709

Dynamic Taxation

Stantcheva, Stefanie - 2020

This paper reviews recent advances in the study of dynamic taxation, considering three main approaches: the dynamic Mirrlees, the parametric Ramsey, and the sufficient statistics approaches. In the first approach, agents' heterogeneous abilities to earn income are private information and evolve...

Persistent link: https://www.econbiz.de/10012479228

Understanding Different Approaches to Benefit-Based Taxation

Scherf, Robert - 2019

The normative principle of benefit-based taxation has exerted substantial influence on many areas of public finance, but it has been largely set aside in the modern theoretical approach to optimal income taxation, where welfarist objectives dominate. A prerequisite for that gap to close is the...

Persistent link: https://www.econbiz.de/10012480220

The Desirability of Commodity Taxation under Non-Linear Income Taxation and Heterogeneous Tastes

Saez, Emmanuel - 2000

This paper revisits the Atkinson-Stiglitz result on uselessness of commodity taxation in the presence of optimal non-linear income taxation in a more general setup, namely when tastes are heterogeneous. This general analysis displays the key economic assumptions under which the Atkinson-Stiglitz...

Persistent link: https://www.econbiz.de/10012470701

Non-Leaky Buckets : Optimal Redistributive Taxation and Agency Costs

Hoff, Karla - 1994

Economists have generally argued that income redistribution comes at a cost in aggregate incomes. We provide a counter-example in a model where private information gives rise to incentive constraints. In the model, a wage tax creates the usual distortion in labor-leisure choices, but the grants...

Persistent link: https://www.econbiz.de/10012474284

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