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The Marginal Cost of Public Funds: A Brief Guide

Bastani, Spencer - 2023

When deciding on the social desirability of public investment, the cost of a project is sometimes adjusted by a factor known as the Marginal Cost of Public Funds (MCPF) which captures the cost of raising public funds through distortionary taxation. However, there is no scholarly consensus on...

Persistent link: https://www.econbiz.de/10014290232

Corporate taxation and the welfare state

Keuschnigg, Christian - 2009

The paper compares the impact of corporate taxation and social insurance on foreign direct investment (FDI) and unemployment. Four main results are derived: (i) the optimal size of the welfare state depends on the degree of risk-aversion and the unemployment rate as a measure of labor income...

Persistent link: https://www.econbiz.de/10010264567

Leveraging Wage Subsidies to Facilitate Fair Wages and Increase Social Welfare

Blumkin, Tomer; Pinhas, Haim; Zultan, Ro'i - 2017

Wage subsidies can be provided directly to the worker, as in the federal Earned Income Tax Credit (EITC) program. They can also be provided indirectly by subsidizing the employer; by reducing the cost of labor, employers are induced to offer higher wages. The standard literature stipulates that...

Persistent link: https://www.econbiz.de/10011744903

The Marginal Cost of Public Funds : A Brief Guide

Bastani, Spencer - 2023

Persistent link: https://www.econbiz.de/10014358672

Accidental bequests: A curse for the rich and a boon for the poor

Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2010

When accidental bequests signal otherwise unobservable individual characteristics such as productivity and longevity, the tax administration should partition the population into two groups: One consisting of people who do not receive an inheritance and the other of those who do. The first tagged...

Persistent link: https://www.econbiz.de/10010270458

Take it or leave it: take-up, optimal transfer programs, and monitoring

Jacquet, Laurence - 2010

This paper studies the optimal income redistribution and optimal monitoring when disability benefits are intended for …

Persistent link: https://www.econbiz.de/10010270461

Public provision of private goods, tagging and optimal income taxation with heterogeneity in needs

Bastani, Spencer; Blomquist, Sören; Micheletto, Luca - 2010

not been assessed. Third, the similarities/differences between public provision schemes and tagging schemes have not been … welfare gains from public provision with the welfare gains from tagging. …

Persistent link: https://www.econbiz.de/10010274955

Social Security Transfers and the Marginal Cost of Public Funds

Bjertnæs, Geir - 2015

Recent estimates of the marginal cost of public funds differ substantially. Some studies argue that the efficiency cost of taxation counter the welfare gain connected to redistribution of income. Hence, the efficiency cost of taxation should not be included as a cost of public goods provision....

Persistent link: https://www.econbiz.de/10011431223

Public Pensions in a Multi-Period Mirrleesian Income Tax Model

Bastani, Spencer; Blomquist, Sören; Micheletto, Luca - 2016

Using an OLG model with skill uncertainty and private savings, we investigate whether an optimally designed set of public pension transfers can usefully supplement a nonlinear labor income tax as a welfare-enhancing policy instrument. We consider a Mirrleesian setting where agents' skills are...

Persistent link: https://www.econbiz.de/10011584905

Replicator Evolution of Welfare Stigma: Welfare Fraud vs. Incomplete Take-Up

Itaya, Jun-ichi; Kurita, Kenichi - 2020

There are two important problems in welfare benefit programs: the prevalence of welfare fraud, in which ineligible … coexistence of welfare fraud and incomplete take-up is unstable in the model of statistical discrimination view welfare stigma … the tax-payer resentment view welfare stigma suggested by Besley and Coate (1992). We find multiple stable equilibria in …

Persistent link: https://www.econbiz.de/10012314908