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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Richter, Wolfram F. - 2010

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...

Persistent link: https://www.econbiz.de/10013149817

Redistribution and Insurance with Simple Tax Instruments

Findeisen, Sebastian - 2015

We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results …

Persistent link: https://www.econbiz.de/10013016371

Sufficient Statistic or Not? The Elasticity of Taxable Income in the Presence of Deduction Possibilities

Dörrenberg, Philipp - 2014

The elasticity of taxable income (ETI) is often interpreted as a sufficient statistic to assess the welfare costs of taxation. Building on the conceptual framework of Chetty (2009), we show that this assertion does no longer hold for tax systems with deduction possibilities if (i) deductions...

Persistent link: https://www.econbiz.de/10013045052

Comparative static properties of optimal nonlinear income taxes

Weymark, John Allan - In: Econometrica : journal of the Econometric Society, an … 55 (1987) 5, pp. 1165-1185

Persistent link: https://www.econbiz.de/10001030902

Income taxes and the provision of public goods : existence of an optimum

Berliant, Marcus C.; Page, Frank H. - In: Econometrica : journal of the Econometric Society, an … 69 (2001) 3, pp. 771-784

Persistent link: https://www.econbiz.de/10001585557

The optimal income taxation of couples

Kleven, Henrik Jacobsen; Kreiner, Claus Thustrup; Saez, … - In: Econometrica : journal of the Econometric Society, an … 77 (2009) 2, pp. 537-560

Persistent link: https://www.econbiz.de/10003841296

The Optimal Graduated Minimum Wage and Social Welfare

Danziger, Eliav - 2018

This paper analyzes the effects of introducing a graduated minimum wage in a model with optimal in-come taxation in which a government seeks to maximize social welfare. It shows that the optimal graduated minimum wage increases social welfare by increasing the lowproductivity workers'...

Persistent link: https://www.econbiz.de/10012923241

Human Capital and Optimal Redistribution

Koeniger, Winfried - 2014

differs from the wedge for bequests because human capital carries risk: its returns depend on the non-diversifiable risk of … bad hedge for consumption risk …

Persistent link: https://www.econbiz.de/10013042983

Optimal Spatial Taxation : Are Big Cities Too Small?

Eeckhout, Jan - 2015

We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...

Persistent link: https://www.econbiz.de/10013029153

Heterogeneity and Government Revenues : Higher Taxes at the Top?

Guner, Nezih - 2014

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the Federal Income tax, and flat-rate taxes that capture...

Persistent link: https://www.econbiz.de/10013049753

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