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Optimal Savings Taxation when Individuals have Different CRRA Utility Functions
Krause, Alan - Department of Economics and Related Studies, University … - 2012
Recent empirical research has found that high-skill individuals tend to be less risk averse than low-skill individuals, which implies that their respective constant relative risk aversion (CRRA) utility functions have different curvature. This paper examines the effects of this form of...
Persistent link: https://www.econbiz.de/10010548012
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Optimal nonlinear income taxation with productive government expenditure
Lai, Ching-Chong; Liao, Chih-Hsing - In: International Review of Economics & Finance 22 (2012) 1, pp. 66-77
This paper develops an endogenous growth model with a production externality and nonlinear income taxation, and uses it to examine how the fiscal authority devises its nonlinear tax structure from the viewpoint of welfare maximization. It is found that, in the Barro (1990) model, Pareto...
Persistent link: https://www.econbiz.de/10010573110
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Public Provision of Private Goods and Nondistortionary Marginal Tax Rates: Some Further Results
Christiansen, Vidar; Micheletto, Luca; Blomquist, Sören - Nationalekonomiska Institutionen, Uppsala Universitet - 2009
The incidence and efficiency losses of taxes have usually been analyzed in isolation from public expenditures. This negligence of the expenditure side may imply a serious misperception of the effects of marginal tax rates. The reason is that part of the marginal tax may in fact be a payment for...
Persistent link: https://www.econbiz.de/10008506823
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Public Provision of Private Goods and Nondistortionary Marginal Tax Rates: Some Further Results
Blomquist, Sören - Nationalekonomiska Institutionen, Uppsala Universitet - 2009
The incidence and efficiency losses of taxes have usually been analyzed in isolation from public expenditures. This negligence of the expenditure side may imply a serious misperception of the effects of marginal tax rates. The reason is that part of the marginal tax may in fact be a payment for...
Persistent link: https://www.econbiz.de/10005042210
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Nonlinear Income Taxes and the Utility Possibility Set
Andersson, Tommy - Nationalekonomiska Institutionen, Ekonomihögskolan - 2005
This article analyzes constrained Pareto efficient nonlinear income tax schedules that are monotonic chains to the left. It is demonstrated that as long as all individuals have a positive consumption at the tax schedule that maximizes the utility of the worst-off individual, the constrained...
Persistent link: https://www.econbiz.de/10005645139
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A Positive Theory of Income Taxation
Carbonell-Nicolau, Oriol - Department of Economics, Rutgers University-New Brunswick - 2007
We propose a dynamic version of the standard two-party electoral competition model adapted to nonlinear income taxation. The theory has a number of desirable features. First, equilibria always exist, even though the set of admissible tax policies is multidimensional. Second, the Nash set can be...
Persistent link: https://www.econbiz.de/10005746179
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A Positive Theory of Income Taxation
Carbonell-Nicolau, Oriol - In: Contributions to Theoretical Economics 9 (2009) 1, pp. 1553-1553
We explore the consequences of electoral competition for nonlinear income taxation. Our model is a dynamic version of the standard two-party electoral competition model adapted to nonlinear income taxation. The theory has a number of desirable features. First, equilibria always exist, even...
Persistent link: https://www.econbiz.de/10005046400
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The Objections against Workfare Revised
Lohse, Tim - In: Review of Economics 65 (2014) 1, pp. 95-118
Opponents of work obligations in return for transfer payments argue that workfare can crowd out private sector work …, that workfare harms the welfare of the poor and thereby reduces a society’s welfare in general. This paper analyzes these … objections against workfare in a discrete optimal income tax model. Workfare productivity emerges to be the crucial determinant …
Persistent link: https://www.econbiz.de/10011198678
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Workforce or Workfare? The Optimal Use of Work Requirements when Labor is Supplied along the Extensive Margin
Jacquet, Laurence; Brett, Craig - Théorie Économique, Modélisation, Application … - 2012
This paper explores the use of workfare as part of a tax mix when labor supply responses are along the extensive margin … goal of providing additional incentives for individuals to enter the labor force, workfare and an earned income tax credit … unproductive workfare is always suboptimal when individuals face the same disutility of being on workfare. In contrast, when this …
Persistent link: https://www.econbiz.de/10010579064
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Do Monopolies Justifiably Fear Environmental Tax Reforms?
Thorsten Bay¡nd¡r-Upmann - In: FinanzArchiv: Public Finance Analysis 57 (2000) 4, pp. 459-484
It is often argued that without tax-exemptions for the production sector environmental tax reforms substantially reduce profits and endanger employment. We challenge this view and investigate the consequences of both a small and alarge tax reform in the case of a monopoly. We show that these...
Persistent link: https://www.econbiz.de/10005823457