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Redistributive capital taxation revisited
Kina, Özlem; Slavík, Ctirad; Yazici, Hakki - 2020
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10012299800
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Redistributive Capital Taxation Revisited
Kina, Özlem; Slavik, Ctirad; Yazici, Hakki - 2021
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10013315178
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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
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Nonlinear taxation of income and education in the presence of income-misreporting
Bastani, Spencer; Gahvari, Firouz; Micheletto, Luca - 2022
We study the joint design of nonlinear income and education taxes when the government pursues redistributive objectives. A key feature of our setup is that the ability type of an agent can affect both the costs and benefits of acquiring education. Market remuneration of agents depends on both...
Persistent link: https://www.econbiz.de/10013390911
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Book-Value Wealth Taxation, Capital Income Taxation, and Innovation
Guvenen, Fatih; Kambourov, Gueorgui; Kuruşçu, Burhanettin - National Bureau of Economic Research - 2024
When is a wealth tax preferable to a capital income tax? When is the opposite true? More generally, can capital taxation be structured to improve productivity, incentivize innovation, and ultimately increase welfare? We study these questions theoretically in an infinite-horizon model with...
Persistent link: https://www.econbiz.de/10014576614
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Are education subsidies an efficient redistributive device?
Dur, Robert A. J.; Teulings, Coen N. - 2003
.Hence, a given compression of after-tax incomes can be achievedat lower marginal tax rates. Optimal redistribution policy faces …
Persistent link: https://www.econbiz.de/10011333262
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Optimal wage redistribution in the presence of adverse selection in the labor market
Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2014
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
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Redistributive income taxation with directed technical change
Loebbing, Jonas - 2020
This paper studies the implications of (endogenously) directed technical change for the design of non-linear labor income taxes in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. First, I identify conditions under which any progressive...
Persistent link: https://www.econbiz.de/10012431526
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Optimal redistribution in the presence of signaling
Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2021
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
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Social Interactions and Optimal Progressivity of Redistribution
Bandyopadhyay, Debasis - 2018
technology, then the growth and welfare maximizing progressivity of redistribution decreases. In particular, bridging the … opportunity lowers the optimal progressivity of redistribution. We offer some empirical support for the above idea using a …, efficiency, and welfare from progressive redistribution, over and above the benefits from a Pigouvian subsidy, may reasonably …
Persistent link: https://www.econbiz.de/10012927526