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Is Broader Always Better? Preexisting Distortions, Emissions Elasticities, and the Scope of Emissions Pricing
Goulder, Lawrence H.; Hafstead, Marc A. C.; Williams, … - National Bureau of Economic Research - 2024
Economists often regard broad-based carbon pricing (whether in the form of a carbon tax or cap and trade) as the most efficient policy to reduce carbon dioxide emissions. Relative to a narrower policy that exempts some emissions sources, a broader policy is often favored because it can exploit...
Persistent link: https://www.econbiz.de/10015072857
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Tax policy and income inequality in the US, 1979 - 2007
Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - 2014
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010229895
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; van der Linden, Bruno - 2010
This paper characterizes optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous across two dimensions: specifically, their skill and disutility of participation. Preferences over consumption and work effort can differ with...
Persistent link: https://www.econbiz.de/10010277028
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; van der Linden, Bruno - 2010
We derive a general optimal income tax formula when individuals respond along both the intensive and extensive margins and when income effects can prevail. Individuals are heterogeneous across two dimensions: their skill and their disutility of participation. Preferences over consumption and...
Persistent link: https://www.econbiz.de/10010277042
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Regulating Untaxable Externalities: Are Vehicle Air Pollution Standards Effective and Efficient?
Jacobsen, Mark R.; Sallee, James M.; Shapiro, Joseph S.; … - 2022
, though both reforms have complex effects on inequality. …
Persistent link: https://www.econbiz.de/10014290042
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Education and optimal dynamic taxation: The role of income-contingent student loans
Findeisen, Sebastian; Sachs, Dominik - 2012
We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education, simple policy instruments can yield the desired...
Persistent link: https://www.econbiz.de/10010316898
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Education and optimal dynamic taxation
Findeisen, Sebastian; Sachs, Dominik - 2011
We study optimal tax and educational policies in a dynamic private information economy, in which ex-ante heterogeneous individuals make an educational investment early in their life and face a stochastic wage distribution. We characterize labor and education wedges in this setting analytically...
Persistent link: https://www.econbiz.de/10010282325
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Explaining taxes at the upper tail of the income distribution : the role of utility interdependence
Sámano, Daniel - 2009
Optimal tax theory has diffculty rationalizing high marginal tax rates at the upper end of the income distribution. In this paper, I construct a model of optimal income taxation in which agents' preferences are interdependent. I derive a simple expression for optimal taxes that accommodates...
Persistent link: https://www.econbiz.de/10003909591
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; Van der Linden, Bruno - 2010
We derive a general optimal income tax formula when individuals respond along both the intensive and extensive margins and when income effects can prevail. Individuals are heterogeneous across two dimensions: their skill and their disutility of participation. Preferences over consumption and...
Persistent link: https://www.econbiz.de/10008808231
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Optimal redistributive taxation with both extensive and intensive responses
Jacquet, Laurence; Lehmann, Etienne; Van der Linden, Bruno - 2010
This paper characterizes optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous across two dimensions: specifically, their skill and disutility of participation. Preferences over consumption and work effort can differ with...
Persistent link: https://www.econbiz.de/10003944646