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that increased mobility of production factors will pose a severe threat to redistribution possibility is less acute than it …
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We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
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We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by …-efficient households if and only if social inequality aversion is sufficiently high. We further find that redistribution of carbon tax … problems, but increase mitigation costs by around 15 percent compared to the first-best for unity inequality aversion. Adding …
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of a public pension system: the contribution rate and its degree of redistribution. The pension regime affects …
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