Creedy, John (contributor); Moslehi, Solmaz (contributor) - 2007
examines the optimal ratio of transfer payments to ex-
penditure on public goods, for a given income tax rate. The transfer … expenditure is financed by a proportional income tax.
1
The analysis,
while being in the tradition of optimal tax models … composition of expenditure and the ratio of the median to the average
wage rate, and the income tax rate, are investigated. Brief …