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Optimal taxation and redistribution in a two sector two class agents' economy
Selim, Sheikh - 2011
of labour income and redistribution. The level and the direction of the redistribution associated with such an optimal … from the consumption sector, and with this optimal policy the government can implement a redistribution scheme where both … ; Two Sector Economy ; Redistribution …
Persistent link: https://www.econbiz.de/10008904697
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Optimal capital income taxation in a two sector economy
Selim, Sheikh - 2007
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady state optimal capital income tax is nonzero, in general. In particular, we find that the optimal plan involves zero capital income tax in investment sector and a nonzero capital income tax in...
Persistent link: https://www.econbiz.de/10010322774
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Optimal Taxation and Redistribution in a Two Sector Two Class Agents' Economy
Selim, Sheikh - Economics Section, Cardiff Business School - 2011
of labour income and redistribution. The level and the direction of the redistribution associated with such an optimal … from the consumption sector, and with this optimal policy the government can implement a redistribution scheme where both …
Persistent link: https://www.econbiz.de/10008867538
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Optimal taxation in a two sector economy with heterogeneous agents
Selim, Sheikh - 2007
In this paper we show that in a two sector economy with heterogeneous agents and competitive markets, in a steady state the optimal capital income tax rate is in general different from zero. The optimal tax policy in this setting depends on the relative price difference. In a two sector economy...
Persistent link: https://www.econbiz.de/10010322764
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Optimal Taxation in a Two Sector Economy with Heterogeneous Agents
Selim, Sheikh - Economics Section, Cardiff Business School - 2007
In this paper we show that in a two sector economy with heterogeneous agents and competitive markets, in a steady state the optimal capital income tax rate is in general different from zero. The optimal tax policy in this setting depends on the relative price difference. In a two sector economy...
Persistent link: https://www.econbiz.de/10005211994
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Optimal Capital Income Taxation in a Two Sector Economy
Selim, Sheikh - Economics Section, Cardiff Business School - 2007
We extend the celebrated Chamley-Judd result of zero capital income tax and show that the steady state optimal capital income tax is nonzero, in general. In particular, we find that the optimal plan involves zero capital income tax in investment sector and a nonzero capital income tax in...
Persistent link: https://www.econbiz.de/10005162738
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Optimal Redistributive Capital Taxation in a Neoclassical Growth Model
Lansing, Kevin J. - 1999
This paper provides a counterexample to the simplest version of the redistribution models considered by Judd (1985) in …
Persistent link: https://www.econbiz.de/10014207564
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Optimal fiscal policies under market failures
Chien, YiLi; Wen, Yi - 2020
The aggregate capital stock in a nation can be overaccumulated for many different reasons. This paper studies which policy or policy mix is more effective in achieving the socially optimal (golden rule) level of aggregate capital stock in an infinite-horizon heterogeneous-agents...
Persistent link: https://www.econbiz.de/10012216720
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Don't tax capital - optimal Ramsey taxation in heterogeneous agent economies with quasi-linear preferences
Chien, YiLi; Wen, Yi - 2019
We build a tractable heterogeneous-agent incomplete-markets model with quasi-linear preferences to address a set of long-standing issues in the optimal Ramsey taxation literature. The tractability of our model enables us to analytically prove the existence of a Ramsey steady state and establish...
Persistent link: https://www.econbiz.de/10011997961
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Redistribution and insurance with simple tax instruments ; presented at CESifo Area Conference on Public Sector Economics, April 2015
Findeisen, Sebastian; Sachs, Dominik - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …
Persistent link: https://www.econbiz.de/10011280819