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political acceptability of the optimal tax theory. Two surveys have been conducted in 2016 to quantify French preferences for … income redistribution. In the first survey, respondents picked their preferred values for parameters which were used to … alternative specifications. Interestingly, the average desired redistribution corresponds closely to the shape of the optimal …
Persistent link: https://www.econbiz.de/10012907328
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
In a number of high-income countries over the past few decades there has been a large growth in income inequality and … applies the theory of optimal piecewise linear taxation to the issue of the taxation of top incomes. Our results suggest that … an appropriate response to rising inequality is a shift towards a more progressive multi-bracket income tax system, with …
Persistent link: https://www.econbiz.de/10010374096
. The main reason for this is the inequity created by income splitting in the presence of a high degree of inequality in the …
Persistent link: https://www.econbiz.de/10012993113
I analyze the role of the distribution of skills in shaping optimal nonlinear income tax schedules. I use theoretical skill distributions as well as empirical skill distributions for 14 OECD countries. I find that a more dispersed log-normal skill distribution implies a more progressive optimal...
Persistent link: https://www.econbiz.de/10012887949
The elasticity of taxable income is a key tax policy parameter that plays an important role in the formulation of tax and transfer policy. This paper extends work by Kemp (2019) by using a new panel of individual tax returns and the phenomenon of 'bracket creep' to produce updated estimates of...
Persistent link: https://www.econbiz.de/10012181104
capital and home ownership, and investigate the consequences of a rising wealth inequality at steady state on these tax rates … wealth tax on the wealth-rich households and a housing subsidy on the wealth-poor households. When wealth inequality …: housing wealth, wealth inequality, optimal taxation …
Persistent link: https://www.econbiz.de/10012846725
This paper develops a mechanism design approach to study externalities and re-distribution. The mechanism screens …
Persistent link: https://www.econbiz.de/10014556752
In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...
Persistent link: https://www.econbiz.de/10010391779
We analyze optimal redistribution in the presence of labor market signaling where innate productive ability is not only … desirability of redistribution through wage compression. …
Persistent link: https://www.econbiz.de/10012599061