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The Theory of Excess Burden and Optimal Taxation
Auerbach, Alan J. - 1982
study of optimal tax theory. A main objective of this exercise is to uncover the interrelationships among various apparently … the effects of technology. Included in the presentation of optimal tax theory is a section on tax reform, as well as an … application of the theory to the case where uncertainty is present …
Persistent link: https://www.econbiz.de/10012478080
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Book-Value Wealth Taxation, Capital Income Taxation, and Innovation
Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - National Bureau of Economic Research - 2024
When is a wealth tax preferable to a capital income tax? When is the opposite true? More generally, can capital taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these questions theoretically in an infinite-horizon model with...
Persistent link: https://www.econbiz.de/10014576614
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Optimal Income Taxation
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
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u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...
Persistent link: https://www.econbiz.de/10013334429
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Updating about Yourself by Learning about the Market : The Dynamics of Beliefs and Expectations in Job Search
He, Qiwei; Kircher, Philipp - National Bureau of Economic Research - 2023
This study documents how job seekers update perceived job-finding prospects by unemployment duration and by learning about aggregate unemployment. We find that job seekers perceive an 18% decline in their job-finding probability for each additional month of unemployment, but perceive a higher...
Persistent link: https://www.econbiz.de/10014447261
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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
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Fiscal Federalism and the Role of the Income Tax
Gordon, Roger H. - National Bureau of Economic Research - 2023
This paper rethinks the design of the income tax by assuming that the objective of the tax is not to redistribute from rich to poor but instead to provide some insurance to individuals against the uncertainties they face in their future earnings, a motivation for the tax proposed in Buchanan...
Persistent link: https://www.econbiz.de/10014421180
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Direct or Indirect Tax Instruments for Redistribution : Short-run versus Long-run
Saez, Emmanuel - 2002
Optimal tax theory has shown that, under weak assumptions, indirect taxation such as production subsidies, tariffs, or … differentiated commodity taxation, are sub-optimal and that redistribution should be achieved solely with the direct income tax …. However, these important results of optimal tax theory, namely production efficiency and uniform commodity taxation under non …
Persistent link: https://www.econbiz.de/10012469882
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Do Unemployment Insurance Recipients Actively Seek Work? Randomized Trials in Four U.S. States
Ashenfelter, Orley - 1999
In the last two decades, U.S. policies have moved from the use of incentives to the use of sanctions to promote work effort in social programs. Surprisingly, except for anecdotes, there is very little systematic evidence of the extent to which sanctions applied to the abusive use of social...
Persistent link: https://www.econbiz.de/10012471826
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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