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Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis; Shavell, Steven - National Bureau of Economic Research (NBER) - 2003

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their … effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness … (other than many purely distributive notions). We support our thesis in three ways: by demonstrating how notions of fairness …

Persistent link: https://www.econbiz.de/10005829104

Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

Kaplow, Louis; Shavell, Steven - National Bureau of Economic Research (NBER) - 1999

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.

Persistent link: https://www.econbiz.de/10005830419

Optimal Control of Externalities in the Presence of Income Taxation

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006

A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...

Persistent link: https://www.econbiz.de/10005575754

Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2006

The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....

Persistent link: https://www.econbiz.de/10005248951

Optimal Policy with Heterogeneous Preferences

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2008

Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...

Persistent link: https://www.econbiz.de/10005084879

Why Measure Inequality?

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2002

A large body of literature is devoted to the measurement of income inequality, yet little attention is given to the … question, Why measure inequality? However, the reasons for measurement bear importantly on whether and how measurement should …

Persistent link: https://www.econbiz.de/10005049905

Concavity of Utility, Concavity of Welfare, and Redistribution of Income

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2003

taxation and on normative inequality measurement, it seems to be accepted that the role of these two sources of concavity is … symmetric with regard to the social concern about inequality in the distribution of income. Direct examination of the question …

Persistent link: https://www.econbiz.de/10005718301

Horizontal Equity: New Measures, Unclear Principles

Kaplow, Louis - National Bureau of Economic Research (NBER) - 2000

Alan Auerbach and Kevin Hassett offer a new measure of horizontal equity (HE) that is designed to overcome deficiencies in prior indexes. There is, however, a fundamental problem that their effort shares with their predecessors' attempts: the underlying rationale for pursuing HE at the expense...

Persistent link: https://www.econbiz.de/10005718894

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the …

Persistent link: https://www.econbiz.de/10013334417

The theory of taxation and public economics

Kaplow, Louis - 2008

The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades. An original treatment of the subject rather than a textbook synthesis, the book contains new analysis that generates novel...

Persistent link: https://www.econbiz.de/10012684448