Half of the jobs in the U.S. feature pay-for-performance. We derive novel incidence and optimum formulas for the overall rate of tax progressivity and the top tax rates on total earnings and bonuses, when such labor contracts arise from moral hazard frictions within firms. Optimal taxes account...

Half of the jobs in the U.S. feature pay-for-performance. We derive novel incidence and optimum formulas for the overall rate of tax progressivity and the top tax rates on total earnings and bonuses, when such labor contracts arise from moral hazard frictions within firms. Optimal taxes account...

This study explores the relationship between education and unemployment and the role of the unemployment trap in that relation. The main distinctive element compared to other studies is the introduction of the educational level as the central variable in the analysis. The empirical analysis,...

This paper estimates the effect of marginal tax rates on demands for various financial assets, using the 1983-1989 Survey of Consumer Finances (SCF) panel. In the cross-section, marginal tax rates appear to have a strong and statistically significant influence on portfolio allocations, even...

. Este trabajo se centra en el estudio de los desincentivos al trabajo de las mujeres casadas inducidos por el sistema español de impuestos y prestaciones, así como de los cambios y continuidades que supone la reforma del IRPF de 2003 en este sentido. Utilizando modelos tax-benefit construidos...