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The Redistributive Effect of Risky Taxation

Chun, Young-Jun - 2001

This paper examines heterogeneous effects of uncertainty of the U.S. tax policies across income classes. We construct a multi-class general equilibrium stochastic OLG model with a stochastic process of effective tax rates. In accordance with empirical evidence, the model includes two types of...

Persistent link: https://www.econbiz.de/10014124789

Uncertainty, redistribution, and the labor market since 2007

Mulligan, Casey B. - In: IZA journal of labor policy 3 (2014), pp. 1-16

Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual...

Persistent link: https://www.econbiz.de/10010374619

Essays in quantitative macroeconomics : income, inequality, income risk and optimal redistribution

Grübener, Philipp - 2021

Persistent link: https://www.econbiz.de/10012804744

Fiscal Federalism as Risk-Sharing : The Insurance Role of Redistributive Taxation

Brooks, John R. - 2015

literature is that redistribution is best done centrally, and thus that an income tax is best used by the federal government …, rather than by state governments. Yet recent work suggests that states can effectively have some role in redistribution … a tool of greater redistribution. At the same time, the insurance function of a progressive income tax can still be …

Persistent link: https://www.econbiz.de/10014037135

Redistribution and insurance with simple tax instruments

Findeisen, Sebastian; Sachs, Dominik - 2015

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

Persistent link: https://www.econbiz.de/10011283108