Showing 91 - 100 of 758,110
-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistributionimplies … dollar is higher. The paper also shows that the relation between levels of redistribution and Pigouvian taxation is reversed …
Persistent link: https://www.econbiz.de/10009232383
The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This … reforms are modest. -- optimal taxation ; inequality ; redistribution …
Persistent link: https://www.econbiz.de/10003298455
This paper analyzes the role of production distortion for income redistribution in an international trade model. In … redistribution. It first shows that production inefficiency can be a part of a Pareto-efficient tax system when there is an …
Persistent link: https://www.econbiz.de/10001803450
We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...
Persistent link: https://www.econbiz.de/10010234542
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...
Persistent link: https://www.econbiz.de/10012841621
This paper explores the revenue-raising aspect of progressive taxation and derives, on the basis of a simple model, the optimal degree of tax progressivity where the tax revenue is used exclusively to finance (perfectly) targeted transfers to the poor. The paper shows that not only would it be...
Persistent link: https://www.econbiz.de/10012782613
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
, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution …
Persistent link: https://www.econbiz.de/10012908694
This paper studies the aggregate and distributional implications of introducing consumption taxes into an otherwise deterministic version of the standard neoclassical growth model with income taxes only and heterogeneity across agents. In particular, the economic agents differ among each other...
Persistent link: https://www.econbiz.de/10012871622
This paper extends the Mirrlees (1971) model of optimal non-linear income taxation with a monitoring technology that allows the government to verify labor effort at a positive, but non-infinite cost. Monitored individuals receive a penalty, which increases if individuals earn a lower income...
Persistent link: https://www.econbiz.de/10013057256