Ramsey government achieves efficient labor market volatility; doing so requires labor-income tax volatility that is orders of … magnitude larger than the "tax-smoothing" results based on Walrasian labor markets, but a few times smaller than the results … order to understand optimal tax volatility. …

' well-being. For identification, we exploit exogenous variation in tax rules over time and across demographic groups using … 26 years of German panel data. We find that the tax effect on subjective well-being is significant and positive when … several possible channels through which taxes affect welfare including public goods, insurance, redistributive taste and tax …

common empirical approach and a complete simulation of tax-benefit policies affecting household budgets. We find that wage … robust to several modeling assumptions. We show that differences in tax-benefit systems or demographic compositions explain …

the Hausman estimation approach to discrete-choice models with tax-benefit simulations). Meta-analysis evidence suggests …