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Risk-Taking and Optimal Taxation with Nontradable Human Capital

Hu, Zuliu - 1992

What are the effects of taxation on individual/entrepreneurs’ risk-taking behavior? This paper re-examines this old question in a continuous time life-cycle model. We demonstrate that the stream of uncertain income from human capital has systematic effects on demand for the risky physical...

Persistent link: https://www.econbiz.de/10014395838

Fiscal redistribution and social welfare

Coady, David P.; D'Angelo, Devin; Evans, Brooks - 2019

discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and … practical evaluation of the extent and determinants of fiscal redistribution. Differences in fiscal redistribution are … determine the factors explaining differences in their fiscal redistribution and to discuss patterns in fiscal redistribution …

Persistent link: https://www.econbiz.de/10012009467

Inequality and Optimal Redistributive Tax and Transfer Policies

Zee, Howell H. - 1999

This paper explores the revenue-raising aspect of progressive taxation and derives, on the basis of a simple model, the optimal degree of tax progressivity where the tax revenue is used exclusively to finance (perfectly) targeted transfers to the poor. The paper shows that not only would it be...

Persistent link: https://www.econbiz.de/10014400295

Reforming Capital Taxation in Italy

Eyraud, Luc - 2014

This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income, transactions, and ownership. It discusses options to enhance the neutrality of the capital income tax system, followed by a detailed analysis of the property tax, the inheritance...

Persistent link: https://www.econbiz.de/10014394358

The state and your hard-earned money : a survey on moral perspectives in public finance

Mauro, Paolo - 2021

This note provides an overview of recent studies that have begun to investigate how differing moral perspectives shape attitudes toward tax and spending policies. Recent advances in evolutionary moral psychology and their application to survey-based economic analysis yield promising insights....

Persistent link: https://www.econbiz.de/10012795085

Measuring the redistributive capacity of tax policies

Vellutini, Charles; Benítez, Juan Carlos - 2021

This paper presents a novel technique to measure and compare the redistributive capacity of observed tax (or transfer) policies. The technique is based on income distribution simulations and controls for differences in pre-tax income distributions. It assumes that the only information on the...

Persistent link: https://www.econbiz.de/10012796327

On Noncooperative Capital Income Taxation in Open Economies

Kletzer, Kenneth - 1990

This paper discusses the strategic use of capital income taxation and lump-sum fiscal policies for gaining national advantage in an integrated world capital market. Each fiscal authority seeks to maximize a social welfare function defined over the utilities of home country residents...

Persistent link: https://www.econbiz.de/10014395775

The fiscal state-dependent effects of capital income tax cuts

Fotiou, Alexandra; Shen, Wenyi; Yang, Shu-Chun S. - 2020

Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that...

Persistent link: https://www.econbiz.de/10012251390

Tax elasticity estimates for capital stocks in Canada

Wen, Jean-François; Yilmaz, Fatih - 2020

The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...

Persistent link: https://www.econbiz.de/10012251411

Pareto-improving minimum corporate taxation

Hebous, Shafik; Keen, Michael - 2021

The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which-the...

Persistent link: https://www.econbiz.de/10012796362