| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10208 |
| DP10208 High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk | |
| Dirk Krueger; Fabian Kindermann | |
| 发表日期 | 2014-10-19 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even when households have preferences with high labor supply elasticity, make dynamic savings decisions, and policies have general equilibrium effects. To make this point we construct a large scale Overlapping Generations Model with uninsurable labor productivity risk, show that it has a wealth distribution that matches the data well, and then use it to characterize fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of the earnings distribution of close to 90% are optimal. We document that this result is robust to plausible variation in the labor supply elasticity and holds regardless of whether social welfare is measured at the steady state only or includes transitional generations. |
| 主题 | International Macroeconomics ; Public Economics |
| 关键词 | Progressive taxation Top 1% Social insurance Income inequality |
| URL | https://cepr.org/publications/dp10208 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539041 |
| 推荐引用方式 GB/T 7714 | Dirk Krueger,Fabian Kindermann. DP10208 High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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