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A fair day's pay for a fair day's work: Optimal tax design as redistributional arbitrage
Hellwig, Christian; Werquin, Nicolas - 2022
redistribution. Within a Mirrleesian economy with earnings, consumption and retirement savings, we derive a novel formula for optimal … income and savings distortions based on redistributional arbitrage. We establish a sufficient statistics representation of … suggest that it is optimal to shift a substantial fraction of the top earners' tax burden from income to savings. …
Persistent link: https://www.econbiz.de/10012888653
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Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth
Richter, Wolfram F.; Braun, Christoph - 2009
This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...
Persistent link: https://www.econbiz.de/10010269470
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An assessment of consumption and income taxes in Japan
Horioka, Charles Yuji; Sekita, Shizuka - 2004
In this paper, we conduct a theoretical analysis of the consumption and income taxes from the viewpoints of efficiency and equity, we evaluate the past and present structure of Japan's consumption and income taxes, we consider the role of the consumption tax in stimulating the economy, in...
Persistent link: https://www.econbiz.de/10010332469
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Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth
Richter, Wolfram F.; Braun, Christoph - 2010
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth results from human capital accumulation. Government expenditures have to be financed by linear instruments so that growth equilibria are inefficient. The inefficiency is...
Persistent link: https://www.econbiz.de/10010270495
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Relative Consumption Concerns and the Optimal Tax Mix
Eckerstorfer, Paul - 2011
This articles studies the optimal tax mix (taxes on income and commodities) under asymmetric information in a two-type model, when individuals make relative consumption comparisons. The model includes both positional and nonpositional goods, taking into account the fact that relative concerns...
Persistent link: https://www.econbiz.de/10010294915
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Optimal Taxes on Wealth and Consumption in the Presence of Tax Evasion
Brunner, Johann K.; Eckerstorfer, Paul; Pech, Susanne - 2010
This article incorporates tax evasion into an optimum taxation framework with individuals differing in earning abilities and initial wealth. We find that despite the possibility of its evasion a tax on initial wealth should supplement the optimal nonlinear income tax, given a positive...
Persistent link: https://www.econbiz.de/10010294923
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Optimal redistributive taxation in a multi-externality model
Eckerstorfer, Paul - 2011
This paper extends the previous literature on optimal redistributive taxation in the presence of externalities to a multi-externality setting. While taxes on income and on 'clean' commodities are still unaffected by the externalities, which confirms previous results, I find that the existence of...
Persistent link: https://www.econbiz.de/10010294934
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Optimal taxation in a two sector economy with heterogeneous agents
Selim, Sheikh - 2007
In this paper we show that in a two sector economy with heterogeneous agents and competitive markets, in a steady state the optimal capital income tax rate is in general different from zero. The optimal tax policy in this setting depends on the relative price difference. In a two sector economy...
Persistent link: https://www.econbiz.de/10010322764
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On Vertically Challenged and Horizontal Equity : Reassessing Anti-Discrimination Rules
Sadka, Efraim; Margalioth, Yoram; Blumkin, Tomer - 2004
We consider a model of prejudice-driven discrimination, where the advantaged 'tall' discriminate against the disadvantaged 'short'. We employ an egalitarian social welfare function to compare anti-discrimination legal rules with a non-discriminatory ('height-blind') income tax.
Persistent link: https://www.econbiz.de/10010261878
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Optimal redistributive tax and education policies in general equilibrium
Jacobs, Bas - 2007
Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...
Persistent link: https://www.econbiz.de/10010264262