| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13550 |
| DP13550 Optimal Progressivity with Age-Dependent Taxation | |
| Jonathan Heathcote; Kjetil Storesletten; Giovanni L. Violante | |
| 发表日期 | 2019-02-26 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper studies optimal taxation of earnings when the degree of tax progressivity is allowed to vary with age. The setting is an overlapping-generations model that incorporates irreversible skill investment, flexible labor supply, ex-ante heterogeneity in the disutility of work and the cost of skill acquisition, partially insurable wage risk, and a life cycle productivity profile. An analytically tractable version of the model without intertemporal trade is used to characterize and quantify the salient trade-offs in tax design. The key results are that progressivity should be U-shaped in age and that the average marginal tax rate should be increasing and concave in age. These findings are confirmed in a version of the model with borrowing and saving that we solve numerically. |
| 主题 | Macroeconomics and Growth ; Public Economics |
| 关键词 | Tax progressivity Life cycle Income distribution Skill investment Labor supply Incomplete markets |
| URL | https://cepr.org/publications/dp13550 |
| 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/542404 |
| 推荐引用方式 GB/T 7714 | Jonathan Heathcote,Kjetil Storesletten,Giovanni L. Violante. DP13550 Optimal Progressivity with Age-Dependent Taxation. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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