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A Soul's View of the Optimal Population Problem

De la Croix, David; Doepke, Matthias - 2023

A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...

Persistent link: https://www.econbiz.de/10014263967

A Fundamental Objection to Tax Equity Norms : A Call for Utilitarianism

Kaplow, Louis - 2021

believe utilitarianism to be insufficiently egalitarian. Second, utilitarianism does not give independent weight to other …

Persistent link: https://www.econbiz.de/10013218523

Spreading the Wealth Around : Reflections Inspired by Joe the Plumber

Mankiw, N. Gregory - 2010

This essay discusses the policy debate concerning optimal taxation and the distribution of income. It begins with a brief overview of trends in income inequality, the leading hypothesis to explain these trends, and the distribution of the tax burden. It then considers the framework that...

Persistent link: https://www.econbiz.de/10013146265

Utilitarianism and Horizontal Equity : The Case for Random Taxation

Stiglitz, Joseph E. - 2021

This paper establishes that, far from being able to derive the principle of horizontal equity from utilitarianism, the … principle is actually in- consistent with utilitarianism in a variety of circumstances. We derive conditions under which (a) it … principle of horizontal equity may be inconsistent not only with utilitarianism but even with Pareto optimality …

Persistent link: https://www.econbiz.de/10013313351

Predation, Efficiency, and Inequality

Grossman, Herschel I.; Kim, Minseong - 2021

This paper shows how predation breaks the links between an economy's aggregate resourceendowment and aggregate consumption and between the interpersonal distribution of endowments and the interpersonal distribution of consumption. We construct a general-equilibrium model in which some people...

Persistent link: https://www.econbiz.de/10013212351

Quantitative Models of Commercial Policy

Ossa, Ralph - 2016

What tariffs would countries impose if they did not have to fear any retaliation? What would occur if there was a complete breakdown of trade policy cooperation? What would be the outcome if countries engaged in fully efficient trade negotiations? And what would happen to trade policy...

Persistent link: https://www.econbiz.de/10012997374

Quantitative Sovereign Default Models and the European Debt Crisis

Bocola, Luigi - 2018

A large literature has developed quantitative versions of the Eaton and Gersovitz (1981) model to analyze default episodes on external debt. In this paper, we study whether the same framework can be applied to the analysis of debt crises in which domestic public debt plays a prominent role. We...

Persistent link: https://www.econbiz.de/10012911701

What You Export Matters

Hausmann, Ricardo; Hwang, Jason; Rodrik, Dani - 2021

When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition formally and adduce some empirical support for it. We...

Persistent link: https://www.econbiz.de/10013219717

Optimal Simple and Implementable Monetary and Fiscal Rules

Schmitt-Grohé, Stephanie; Uribe, Martín - 2021

The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function...

Persistent link: https://www.econbiz.de/10013220424

Some Answers to the Retirement-Consumption Puzzle

Hurd, Michael D.; Rohwedder, Susann - 2021

The simple one-good model of life-cycle consumption requires "consumption smoothing." According to previous results based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement. The reduction cannot be explained by the simple one-good...

Persistent link: https://www.econbiz.de/10013223896