This article explores subjects in optimal income taxation characterized by recent research interest, practical … savings, savings policies, and labor supply; optimal income transfers; the relationship between optimal income taxation and …; asymmetric information and the income of founders; production and consumption externalities from labor effort; market power and …

-acting force to the rapid increase in income inequality. Using a political-economy model where parties bargain over taxes and … determination, in particular budget rules, make the status quo levels of taxes and entitlements difficult to change. The second one … is that the country experienced a process of "unequal growth," where top earners became richer while the income levels of …

of charitable giving into the optimal income tax framework that has been developed over the past half century. The … effects can be offset by tax rate adjustments to the broader income tax and transfer system. These ideas are developed …

primary cause of state budget "gaps" has been the rise in the level of state unemployment. There is no evidence that gaps are … congressional budget committees. The federal government has responded to these gaps with the passage of the American Recovery and … fiscal distress, ARRA covers at most $.23 of each additional dollar of a state's budget gap; there is a large per capita …

One possible explanation for the difficulty in controlling the budget is that a major component of spending --tax …

set of feasible taxation-spending policies and a social welfare function. The analysis characterizes the optimal policy … making under ambiguity. Focusing on income-tax financed public spending for infrastructure that aims to enhance productivity …

yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post …-transfer income distribution. We identify exogenous income distribution changes and account for reverse causality using instruments …, as well as lagged endogenous variables, with controls for the level of income, the business cycle and demographics. We …