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Fölster, Stefan; Gidehag, Robert; Orszag, Mike; … - Institute for the Study of Labor (IZA) - 2002

The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they can top up with voluntary contributions. In return,...

Persistent link: https://www.econbiz.de/10005233864

Work Requirements and Income Maintenance Programs

Shapiro, Joel - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

compare the resulting beneﬁt schedules with those of programs found in the United States since Welfare Reform (1996). We ﬁnd … programs closely resemble a Negative Income Tax with a Beneﬁt Reduction Rate that depends on the distribution of population …

Persistent link: https://www.econbiz.de/10010547166

An Optimal Tax System

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2011

A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. This review essay builds on this trait and offers a more explicit foundation for the report's general approach, drawing on a distribution-neutral methodology that is...

Persistent link: https://www.econbiz.de/10009226936

Investment complementarities, coordination failure, and the role and effects of public investment policy

Kasahara, Tetsuya - Institute of Economic Research, Hitotsubashi University - 2013

This paper analyzes the role and effects of public investment policy when coordination problems among agents can result in individually rational but socially inefficient investment decisions. Developing a coordination investment model in which individuals simultaneously and independently...

Persistent link: https://www.econbiz.de/10010841143

A unified perspective on efficiency, redistribution, and public policy

Kaplow, Louis - 2020

Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...

Persistent link: https://www.econbiz.de/10012174286

Leveraging Wage Subsidies to Facilitate Fair Wages and Increase Social Welfare

Blumkin, Tomer - 2017

Wage subsidies can be provided directly to the worker, as in the federal Earned Income Tax Credit (EITC) program. They can also be provided indirectly by subsidizing the employer; by reducing the cost of labor, employers are induced to offer higher wages. The standard literature stipulates that...

Persistent link: https://www.econbiz.de/10012949108

Inquiry into the Future of the Private Rental Sector

Hulse, Kath - 2018

This study investigated the Australian private rental sector (PRS) focusing on institutional change, including formal rules (policies and regulation); organisations and structures; and informal rules (social norms and practices). It also reviewed the PRS in ten countries: Australia, Belgium,...

Persistent link: https://www.econbiz.de/10012913052

The marginal cost of public funds : a brief guide

Bastani, Spencer - 2023

When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...

Persistent link: https://www.econbiz.de/10014234016

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

The Conservation Easement Tax Expenditure : In Search of Conservation Value

Colinvaux, Roger - 2012

Federal tax law has long provided a tax benefit for charitable contributions of easements for conservation purposes. A … fundamental problem with this conservation easement tax expenditure is that the measure for the tax benefit – lost economic … the program. The Article argues that, in theory, the measure for the tax benefit should be changed to one that better …

Persistent link: https://www.econbiz.de/10014041523