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Excessive Volatility in Capital Flows : A Pigouvian Taxation Approach

Jeanne, Olivier; Korinek, Anton - 2010

This paper analyzes prudential controls on capital flows to emerging markets from the perspective of a Pigouvian tax that addresses externalities associated with the deleveraging cycle. It presents a model in which restricting capital inflows during boom times reduces the potential outflows...

Persistent link: https://www.econbiz.de/10014045298

Optimal taxation and public provision for poverty reduction

Kanbur, Ravi; Pirttilä, Jukka; Tuomala, Matti; Ylinen, … - 2015

The existing literature on optimal taxation typically assumes there exists a capacity to implement complex tax schemes, which is not necessarily the case for many developing countries. We examine the determinants of optimal redistributive policies in the context of a developing country that can...

Persistent link: https://www.econbiz.de/10011280723

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

Redistribution and insurance with simple tax instruments

Findeisen, Sebastian; Sachs, Dominik - 2015

Persistent link: https://www.econbiz.de/10011283108

Optimal wage redistribution in the presence of adverse selection in the labor market

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2015

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/10011289068

Subsistence level and theory of the welfare state

Eichner, Thomas - 2015

redistribution mechanism of incomes. Sinn (1995) has developed a normative theory of the welfare state in this view. On a …-time incomes. Our paper extends this theory of the welfare state by allowing for incomes which may fall below a subsistence level …

Persistent link: https://www.econbiz.de/10011326740

Normative analysis with societal constraints

Boadway, Robin W.; Martineau, Nicolas-Guillaume - 2013

This paper examines the question of achieving a societal consensus around redistributive policies. Its extent is measured by the degree of work participation among the different skill classes that populate the economy. This consensus is driven both by the material incentives and heterogeneous...

Persistent link: https://www.econbiz.de/10009765042

Income taxes, property values, and migration

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - 2003

We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...

Persistent link: https://www.econbiz.de/10011511078

Political preferences for redistribution in Sweden

Bastani, Spencer; Lundberg, Jacob - 2016

We examine preferences for redistribution inherent in Swedish tax policy 1971-2012 using the inverse optimal tax …

Persistent link: https://www.econbiz.de/10011559969

Political preferences for redistribution in Sweden

Bastani, Spencer; Lundberg, Jacob - 2016

We examine preferences for redistribution inherent in Swedish tax policy 1971-2012 using the inverse optimal tax …

Persistent link: https://www.econbiz.de/10011566489