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Optimal Progressivity of Redistribution with Frictions to Knowledge Diffusion
Bandyopadhyay, Debasis - 2017
Benabou (2002) strengthens the so-called Efficient Redistribution Hypothesis (ERH) by demonstrating how income … redistribution can promote growth and welfare by mitigating economic waste from resource misallocation that is caused by credit …
Persistent link: https://www.econbiz.de/10012957425
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Skill-biasied Technological Change and Dynamic Capital Tax Design
Li, Wenjian - 2021
This paper studies optimal dynamic capital taxation under the progress of skill-biased technologyand finds a novel reason for taxing capital. We demonstrate that the optimal capital tax rate can be expressed as a function of time-invariable social welfare weights and a time-variable (a) skill...
Persistent link: https://www.econbiz.de/10013228425
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Supply-side Optimal Capital Taxation with Endogenous Wage Inequality
Cui, Xiaoyong; Gong, Liutang; Li, Wenjian - 2021
In a model with a continuum of imperfectly substitutable laborers and endogenous skill premiums, this paper derives optimal tax formulas as functions of social welfare weights and a small set of estimable statistics. It first demonstrates that differential capital tax, based on capital's effect...
Persistent link: https://www.econbiz.de/10013230272
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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
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Redistribution and insurance with simple tax instruments
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/10011283108
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A unified perspective on efficiency, redistribution, and public policy
Kaplow, Louis - 2020
Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...
Persistent link: https://www.econbiz.de/10012174286
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Aunified perspective on efficiency, redistribution, and public policy
Kaplow, Louis - In: National tax journal 73 (2020) 2, pp. 429-472
Persistent link: https://www.econbiz.de/10012517986
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Redistributive income taxation under outsourcing and foreign direct investment
Aronsson, Thomas; Koskela, Erkki - 2010
This paper deals with optimal income taxation under labor outsourcing and FDI. We show how the optimal income tax response to the joint effect of outsourcing and FDI depends on whether FDI is complementary with, or substitutable for, domestic labor. -- outsourcing ; foreign direct investment ;...
Persistent link: https://www.econbiz.de/10003967778
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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 … of education taxes/subsidies. We demonstrate how the government can achieve redistribution through wage compression and … analyze the conditions under which such redistribution is feasible and socially desirable. …
Persistent link: https://www.econbiz.de/10012660137
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Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market
Bastani, Spencer - 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/10013047321