Nonlinear Tax Incentive and Optimal Taxation in General Equilibrium PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Nonlinear Tax Incentive and Optimal Taxation in General Equilibrium PDF full book. Access full book title Nonlinear Tax Incentive and Optimal Taxation in General Equilibrium by Federica Coelli. Download full books in PDF and EPUB format.
Author: Federica Coelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 100
Get Book Here
Book Description
Author: Federica Coelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 100
Get Book Here
Book Description
Author: Dominik Sachs
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 100
Get Book Here
Book Description
Abstract: We study the incidence and the optimal design of nonlinear income taxes in a Mirrleesian economy with a continuum of endogenous wages. We characterize analytically the incidence of any tax reform by showing that one can mathematically formalize this problem as an integral equation. For a CES production function, we show theoretically and numerically that the general equilibrium forces raise the revenue gains from increasing the progressivity of the U.S. tax schedule. This result is reinforced in the case of a Translog technology where closer skill types are stronger substitutes. We then characterize the optimum tax schedule, and derive a simple closed-form expression for the top tax rate. The U-shape of optimal marginal tax rates is more pronounced than in partial equilibrium. The joint analysis of tax incidence and optimal taxation reveals that the economic insights obtained for the optimum may be reversed when considering reforms of a suboptimal tax code
Author: Charles L. Ballard
Publisher: University of Chicago Press
ISBN: 0226036332
Category : Business & Economics
Languages : en
Pages : 275
Get Book Here
Book Description
This book reports the authors' research on one of the most sophisticated general equilibrium models designed for tax policy analysis. Significantly disaggregated and incorporating the complete array of federal, state, and local taxes, the model represents the U.S. economy and tax system in a large computer package. The authors consider modifications of the tax system, including those being raised in current policy debates, such as consumption-based taxes and integration of the corporate and personal income tax systems. A counterfactual economy associated with each of these alternatives is generated, and the possible outcomes are compared.
Author: Dominik Sachs
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Ruud A. de Mooij
Publisher:
ISBN:
Category : Flat-rate income tax
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Charles Victor Brown
Publisher: Oxford ; New York : Oxford University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Get Book Here
Book Description
Economic theory and analysis of the impact of income tax on labour supply - focussing on individual behaviour, discusses non-linear budget constraints, measurement problems, optimal income tax, tax evasion, the effect of indirect consumption tax, and negative income tax experiments in the USA; reviews research results and research methods used in empirical studies of men and woman workers' and household behaviour in the UK and USA. Bibliography, graphs, statistical tables.
Author: William Siew Wai Lim
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Narayana R. Kocherlakota
Publisher: Princeton University Press
ISBN: 1400835275
Category : Business & Economics
Languages : en
Pages : 230
Get Book Here
Book Description
Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance. An important book for advanced PhD courses in public finance and macroeconomics, The New Dynamic Public Finance provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Piero Gottardi
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Get Book Here
Book Description
When individuals' labor and capital income are subject to uninsurable idiosyncratic risks, should capital and labor be taxed, and if so, how? In a two-period general equilibrium model with production, we derive a decomposition formula of the welfare effects of these taxes into insurance and distribution effects. This method allows us to determine how the sign of the optimal taxes on capital and labor depends on the nature of the shocks, the degree of heterogeneity among consumers' income, and the way in which the tax revenue is used to provide lump sum transfers to consumers. When shocks affect primarily labor income and heterogeneity is small, the optimal tax on capital is positive. However, in other cases, a negative tax on capital improves welfare.
