expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy … may exacerbate income inequality in the long run if for the less skilled dynasties, the benefits of more public spending …-induced tax base erosion is not severe, an expansive income tax policy indeed enhances future human capital for all dynasties, and …

-seeking preferences justify heavier taxation of income because this serves to internalise the negative externality that the pursuit of … status imposes on others. In a model where status depends on both income and effort, we show that the optimal corrective tax … function in such a model, and discuss potential implications for optimal income taxation. …

expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy … may exacerbate income inequality in the long run if for the less skilled dynasties, the benefits of more public spending …-induced tax base erosion is not severe, an expansive income tax policy indeed enhances future human capital for all dynasties, and …

their incomes. But low-income adults without children and non-custodial parents receive only very low payments under the …The earned income tax credit provides important benefits to low-income families with children in the US. At an annual … cost of about $60 billion, it increases the incomes of such families while encouraging parents to work more by subsidizing …

We study the impact of income taxation on intergenerational income correlation. We estimate a life cycle dynastic model … the increase in the fertility rate (quantity) and the decrease in the educational outcome of children (quality), is highly …