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Optimality of Workfare with Heterogeneous Preferences
Cuff, Katherine - Economics Department, Queen's University - 1998
optimality of workfare as a screening tool. It is assumed that workfare does not serve as a human capital investment … individuals. Under either case, workfare is never optimal to impose on these individuals. It is also shown that non …-productive workfare can be an efficient policy tool, in contrast to the results found in Besley and Coate (1995), Brett (1997), and …
Persistent link: https://www.econbiz.de/10005688200
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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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Nonlinear Income Tax Reforms
Krause, Alan - Department of Economics and Related Studies, University … - 2012
This paper addresses questions of the following nature: under what conditions does a welfare-improving reform of a nonlinear income tax system necessitate a change in a particular agent's marginal tax rate or total tax burden? Our analysis is therefore a study in tax reform, rather than in...
Persistent link: https://www.econbiz.de/10009415501
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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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Public Provision of Private Goods and Nondistortionary Marginal Tax Rates
Blomquist, Sören; Christiansen, Vidar; Micheletto, Luca - CESifo - 2008
The incidence and efficiency losses of taxes have usually been analysed 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 payment for...
Persistent link: https://www.econbiz.de/10005406208
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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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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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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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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