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, and grounds normative analysis in individuals' utilities and a social welfare function. This article advances an approach … distribution-neutral methodology and welfare analysis developed in Kaplow (2008a) and related work, offering applications to income … security and retirement savings, estate and gift taxation, and transfer programs. It also explores welfare criteria and …
Persistent link: https://www.econbiz.de/10012174286
This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...
Persistent link: https://www.econbiz.de/10014023506
theories, such as inequality-averse social welfare functions or fairness criteria. It is shown how both approaches can be … of the Welfare State. However, while these theories may be suited for explaining the development of public insurance or … incorporation of individuals' altruistic feelings in social welfare functions. …
Persistent link: https://www.econbiz.de/10014023654
I study a multilateral bargaining game where committee members invest in a common project prior to redistributing the total value of production. The game corresponds to a Baron and Ferejohn (1989) legislative bargaining model preceded by a production stage similar to the voluntary contribution...
Persistent link: https://www.econbiz.de/10014141361
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
This paper examines the optimal mixed taxation of polluting goods and subsidies for self-protection under nonlinear income tax. The novel contribution of this paper is to take disaster risk into account, the probability which is determined by the total amount of polluting goods consumed by all...
Persistent link: https://www.econbiz.de/10013322085
Various economic literatures address the question whether first-best prescriptions for government policy require modification because redistributive income taxation distorts labor supply and cannot achieve the distributive ideal. Perhaps second-best rules for public goods provision, corrective...
Persistent link: https://www.econbiz.de/10014061860
We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...
Persistent link: https://www.econbiz.de/10014632377
underlying inequality, differing fairness views, and differing perceptions of social norms. In this study, we directly measure … report different fairness views and beliefs about task performance, but not different beliefs about social norms. Further …, only fairness views play a significant mediating role between status and allocation differences, suggesting this is the …
Persistent link: https://www.econbiz.de/10014477403
We illustrate how the desire to live in a fair society that rewards individual effort and hard work triggers an unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject extreme progressivity. We then provide evidence of these...
Persistent link: https://www.econbiz.de/10011785084