Optimal Harvesting Behaviour and Nonlinear Income Taxation PDF Download
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Author: Thomas Aronsson
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 60
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Book Description
Author: Thomas Aronsson
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 60
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Book Description
Author: Thomas Aronsson
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 182
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Laurence Jacquet
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
We solve a large class of multidimensional adverse selection problems with one observed action, to derive the nonlinear optimal income tax schedule when individuals differ along multiple unobserved characteristics. Based on a perturbation of the optimal allocation, our method allows individuals to have e.g. different skills and different taxable income elasticities. Our optimal tax formula generalizes the one with only one-dimensional source of heterogeneity and is numerically implementable. We find that, compared to the case where individuals differ only in skills, allowing them to also have heterogeous taxable income elasticities leads to substantially different optimal tax schedules and in particular, different asymptotic tax rates.
Author: Thomas Aronsson
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 58
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Author: Matti Tuomala
Publisher:
ISBN: 9780191815058
Category : Income tax
Languages : en
Pages : 487
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Book Description
The book explains in depth the Mirrlees model itself and presents various extensions of it. One set of extensions considers changing the preferences for consumption and work: behavioural-economic modifications (such as positional externalities, prospect theory, paternalism, myopic behaviour and habit formation) but also heterogeneous work preferences (besides differences in earnings ability). Another set of modifications concerns the objective of the government. The book explains the differences in optimal redistributive tax systems when governments, instead of maximising social welfare, minimise poverty or maximise social welfare based on rank order or charitable conservatism social welfare functions. In all extensions, the book illustrates the main mechanisms using advanced numerical simulations.
Author: Kari Syreeni
Publisher:
ISBN:
Category : Bible
Languages : en
Pages : 38
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Author: Thomas Aronsson
Publisher:
ISBN:
Category : Forests and forestry
Languages : en
Pages : 66
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Author: Thomas Piketty
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
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This paper reviews recent developments in the theory of optimal labor income taxation. We emphasize connections between theory and empirical work that were initially lacking from optimal income tax theory. First, we provide historical and international background on labor income taxation and means-tested transfers. Second, we present the simple model of optimal linear taxation. Third, we consider optimal nonlinear income taxation with particular emphasis on the optimal top tax rate and the optimal profile of means-tested transfers. Fourth, we consider various extensions of the standard model including tax avoidance and income shifting, international migration, models with rent-seeking, relative income concerns, the treatment of couples and children, and non-cash transfers. Finally, we discuss limitations of the standard utilitarian approach and briefly review alternatives. In all cases, we use the simplest possible models and show how optimal tax formulas can be derived and expressed in terms of sufficient statistics that include social marginal welfare weights capturing society's value for redistribution, behavioral elasticities capturing the efficiency costs of taxation, as well as parameters of the earnings distribution. We also emphasize connections between actual practice and the predictions from theory, and in particular the limitations of both theory and empirical work in settling the political debate on optimal labor income taxation and transfers.
Author: Jang-ting Guo
Publisher:
ISBN:
Category :
Languages : en
Pages :
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