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Equalizing Outcomes and Equalizing Opportunities: Optimal Taxation When Children's Abilities Depend on Parents' Resources
Equality and Inequality Income Characteristics Taxation Policy Outcome or Result Public Administration Industry United States
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2015/4/27
Empirical research suggests that parents' economic resources affect their children's future earnings abilities. Optimal tax policy therefore treats future ability distributions as endogenous to curren...
Insurance and Taxation over the Life Cycle
Optimal taxation
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2014/9/10
We consider a dynamic Mirrlees economy in a life-cycle context and study the optimal insurance arrangement. Individual productivity evolves as a Markov process and is private information. We use a fir...
Insurance and Taxation over the Life Cycle
Insurance Taxation
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2014/9/10
We consider a dynamic Mirrlees economy in a life cycle context and study the optimal insurance arrangement. Individual productivity evolves as a Markov process
and is private information. We use a fi...
Non-linear Capital Taxation Without Commitment
Capital taxation Political economy Progressivity Mirrlees
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2014/9/10
We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment....
Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
Quantitative Explorations Inverse Euler Equation
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2014/9/10
Economies with private information provide a rationale for capital taxation. In this paper we ask what the welfare gains from following this prescription are. We develop a method to answer this questi...