Narrow search
Showing 1 - 6 of 6
Cover Image
Efficient Redistribution
Boar, Corina; Midrigin, Virgiliu - 2022
What are the most efficient means of redistribution in an unequal economy? We answer this question by characterizing the optimal shape of non-linear income and wealth taxes in a dynamic general equilibrium model with uninsurable idiosyncratic risk. Our analysis reproduces the distribution of...
Persistent link: https://www.econbiz.de/10014094803
Cover Image
On the Undesirability of Commodity Taxation Even When Income Taxation is Not Optimal
Kaplow, Louis - 2021
addition, for commodity tax reforms that do not eliminate or proportionally reduce differential taxation, a simple efficiency …
Persistent link: https://www.econbiz.de/10013224218
Cover Image
The Efficiency Cost of Increased Progressivity
Triest, Robert K. - 2021
Increases in income tax progressivity generally entail some efficiency cost due to increased distortion of individuals …' labor supply decisions. This paper quantifies the magnitude of the efficiency cost of several policies which would increase … complex nonlinear tax schedules similar to those which actually exist. The efficiency cost of increased progressivity is found …
Persistent link: https://www.econbiz.de/10013226927
Cover Image
Taxation and Economic Efficiency
Auerbach, Alan J.; Hines Jr., James R. - 2021
This paper analyzes the distortions created by taxation and the features of tax systems that minimize such distortions (subject to achieving other government objectives). It starts with a review of the theory and practice of deadweight loss measurement, followed by characterizations of optimal...
Persistent link: https://www.econbiz.de/10013228969
Cover Image
The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency : A Preliminary Analysis of the 1993 Tax Rate Increases
Feldstein, Martin S.; Feenberg, Daniel R. - 2021
economic efficiency. Our estimates are based on a difference-in-difference procedure comparing growth of taxable incomes among …
Persistent link: https://www.econbiz.de/10013243631
Cover Image
Tax and Education Policy in a Heterogeneous Agent Economy : What Levels of Redistribution Maximize Growth and Efficiency?
Bénabou, Roland - 2021
for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed … welfare function, does not reward equality per se. Simulations using empirical parameter estimates show that the efficiency …
Persistent link: https://www.econbiz.de/10013221848