全球智库信息集成服务系统(G2TT): DP11497 Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11497
	DP11497 Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium
	Dominik Sachs; Aleh Tsyvinski; Nicolas Werquin
发表日期	2016-09-14
出版年	2016
语种	英语
摘要	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.
主题	Public Economics
关键词	Tax incidence Optimal taxation Tax reforms General equilibrium
URL	https://cepr.org/publications/dp11497
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/540311
推荐引用方式 GB/T 7714	Dominik Sachs,Aleh Tsyvinski,Nicolas Werquin. DP11497 Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium. 2016.