This paper studies optimal nonlinear taxation of labor and capital in a political econ-omy model with heterogeneous agents. Policies are chosen sequentially over time, without commitment, as the outcome of democratic elections. We find that credible policies show a concern for future inequality and that capital taxation emerges as an efficient redistributive tool for this purpose. Our main result is that, at the efficient credible equilibrium, the marginal tax on capital income is nonzero and progressive. We show that in some cases the marginal tax takes on both signs: it is positive at the top and negative at the bottom.
The aim of this paper is to explore the characteristics of the optimal nonlinear labor income tax in...
The literatures dealing with voting, optimal income taxation, implementation, and pure public goods ...
The aim of this paper is to explore the characteristics of the optimal non-linear labor income tax i...
We study efficient nonlinear taxation of labor and capital in a dynamic Mirrleesian model incorporat...
Abstract We study efficient nonlinear taxation of labor and capital in a dynamic Mirrleesian model i...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
I study the optimal taxation of labor and capital in a dynamic economy subject to government expendi...
this version is optimized for horizontal screen viewing click here to download the vertical version ...
This paper studies the issue of the efficient taxation of capital in-come in intertemporal optimizin...
This paper analyzes the Markov-perfect equilibrium of an economy were a benevolent government that l...
This paper analyzes the Markov-perfect equilibrium of an economy were a benevolent gov-ernment that ...
In this paper we quantitatively characterize the optimal capital and labor income tax in an overlapp...
This paper studies the issue of the efficient taxation of capital in-come in intertemporal optimizin...
The aim of this paper is to explore the characteristics of the optimal nonlinear labor income tax in...
The literatures dealing with voting, optimal income taxation, implementation, and pure public goods ...
The aim of this paper is to explore the characteristics of the optimal non-linear labor income tax i...
We study efficient nonlinear taxation of labor and capital in a dynamic Mirrleesian model incorporat...
Abstract We study efficient nonlinear taxation of labor and capital in a dynamic Mirrleesian model i...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be...
I study the optimal taxation of labor and capital in a dynamic economy subject to government expendi...
this version is optimized for horizontal screen viewing click here to download the vertical version ...
This paper studies the issue of the efficient taxation of capital in-come in intertemporal optimizin...
This paper analyzes the Markov-perfect equilibrium of an economy were a benevolent government that l...
This paper analyzes the Markov-perfect equilibrium of an economy were a benevolent gov-ernment that ...
In this paper we quantitatively characterize the optimal capital and labor income tax in an overlapp...
This paper studies the issue of the efficient taxation of capital in-come in intertemporal optimizin...
The aim of this paper is to explore the characteristics of the optimal nonlinear labor income tax in...
The literatures dealing with voting, optimal income taxation, implementation, and pure public goods ...
The aim of this paper is to explore the characteristics of the optimal non-linear labor income tax i...