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How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country

Cigno, Alessandro - 2011

As credit and insurance markets are imperfect, and given that intra-family transfers, and the way a child uses her time outside school hours, are private information, the second-best policy makes school enrollment compulsory, forces overt child labour below its efficient level (if positive), and...

Persistent link: https://www.econbiz.de/10013126131

Biofuel Subsidies : An Open-Economy Analysis

Bandyopadhyay, Subhayu - 2013

, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on … crude is not available as a policy option, however, a second-best biofuel subsidy (or tax) is optimal. In the large …-country case, the optimal tax on crude departs from its standard Pigouvian level and a biofuel subsidy is optimal. A biofuel …

Persistent link: https://www.econbiz.de/10013095320

Quantifying Optimal Growth Policy

Grossmann, Volker - 2010

The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...

Persistent link: https://www.econbiz.de/10013141717

Population Growth and Multiple Equilibria : Inferences from a Modified Ramsey Model

Lehmijoki, Ulla - 2011

The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...

Persistent link: https://www.econbiz.de/10013130458

Privacy, Time Consistent Optimal Labor Income Taxation and Education Policy

Konrad, Kai A. - 2011

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy

Persistent link: https://www.econbiz.de/10014163655

Optimal Taxation with Multiple Incomes and Types

Spiritus, Kevin; Lehmann, Etienne; Renes, Sander; … - 2022

We analyze the optimal nonlinear income tax schedule when taxpayers earn multiple incomes and differ along many unobserved dimensions. We derive the necessary conditions for the government s optimum using both a tax perturbation and a mechanism design approach, and show that both methods produce...

Persistent link: https://www.econbiz.de/10014083899

Efficiency Versus Insurance : Capital Income Taxation and Privatizing Social Security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10014084040

Time-Poor, Working, Super-Rich

Corneo, Giacomo - 2017

This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and some limited amount of work is enjoyable. Whereas introducing each assumption without the other one does not produce novel insights, combining them together does if the wage...

Persistent link: https://www.econbiz.de/10012963868

Optimal Fiscal Policy with Labor Selection

Chugh, Sanjay K. - 2018

This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...

Persistent link: https://www.econbiz.de/10012915713

Smooth Income Tax Schedules : Derivation and Consequences

Estévez Schwarz, Diana - 2018

Existing tax schedules are often overly complex and characterized by discontinuities in the marginal tax burden. In this paper we propose a class of progressive smooth functions to replace personal income tax schedules. These functions depend only on three meaningful parameters, and avoid the...

Persistent link: https://www.econbiz.de/10012919519