Optimal income tax in a monetary economy

This study examines the shape of an optimal income tax schedule in a monetary economy. In equilibrium, money’s role is to allocate resources across generations, while a tax-transfer scheme serves as a form of social insurance. It is found that the optimal real income tax with money can be progressive.

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Year of publication:	1984
Authors:	Miller, Preston J.
Institutions:	Federal Reserve Bank of Minneapolis

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Economic Dynamics and Control (Vol. 17, No. 3, May 1993, pp. 443-465) Number 244
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005427708