Similar Search Results

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

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

Reform Options for the Estate Tax System : Targeting Unearned Income, Testimony Before the U.S. Senate Committee on Finance

Batchelder, Lily L. - 2010

This testimony makes three main points. First, inheritances tend to exacerbate existing economic disparities and may be the most important barrier to intergenerational economic mobility. These tendencies are most pronounced at the top of the income distribution. While inherited income is...

Persistent link: https://www.econbiz.de/10014045314

On the Optimal Design of Transfers and Income-Tax Progressivity

Ferriere, Axelle; Grübener, Philipp; Navarro, Gaston; … - 2022

We study the optimal design of means-tested transfers and progressive income taxes. In a simple analytical model, we demonstrate an optimally negative relation between transfers and income-tax progressivity due to efficiency and redistribution concerns. In a rich dynamic model, we quantify the...

Persistent link: https://www.econbiz.de/10014077963

Technological change and earnings inequality in the U.S. : implications for optimal taxation

Brinca, Pedro; Duarte, João; Holter, Hans A.; … - 2023

Since 1980, there has been a steady increase in earnings inequality alongside rapid technological growth in the U … complementarity with capital. Although technological growth is associated with higher earnings inequality, it leads to a significant …

Persistent link: https://www.econbiz.de/10013548732

Externalities and the Taxation of Top Earners

Kleven, Henrik Jacobsen - National Bureau of Economic Research - 2025

This paper characterizes the optimal taxation of top earners in a world with externalities. It takes a reduced-form approach that spans a broad class of models where top earners create externalities on the economy. The model allows for a flexible relationship between top earnings and the...

Persistent link: https://www.econbiz.de/10015194990

Education and optimal dynamic taxation : the role of income-contingent student loans

Findeisen, Sebastian; Sachs, Dominik - 2012 - This version: September 20, 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/10009743921

The economics of taxing net wealth : a survey of the issues

Schnellenbach, Jan - 2012

tax ; wealth ; inequality ; redistribution …

Persistent link: https://www.econbiz.de/10009674939

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

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/10009516909