This paper analyzes whether marginal taxation of labor and capital income might be useful second best instruments for … corrective tax on housing wealth. The rationale for studying income taxation in this particular context is that first best taxes … internalizing the externalities caused by conspicuous housing consumption, when the government is unable to implement a first best …

taxes/subsidies on capital income and housing wealth. Our results show that the optimal policy typically implies a marginal … model where housing is a positional consumption good (such that housing choices are partly driven by relative consumption … savings-subsidy, while the marginal housing wealth may either be taxed or subsidized. Upward social comparisons imply a …

leads individuals to make inefficient intertemporal decisions. This paper concerns optimal income taxation to correct for …

This paper deals with optimal income and commodity taxation in an economy, where alcohol is an externality …

taxation. We show how the social cost of public debt, which depends on the marginal excess burden, ought to be reflected in the …