G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16254
DP16254 Static and Dynamic Mirrleesian Taxation with Non-separable Preferences: A Unified Approach
Christian HELLWIG
发表日期2021-06-14
出版年2021
语种英语
摘要Abstract I analyze dynamic Mirrlees taxation with preferences that are non-separable between consumption, leisure and type, which determines both ability and consumption needs. I show how to account for non-separable preferences through a simple change in probability measures. I generalize the existing Inverse Euler Equation and optimal static labor tax formulae and provide a unified intuition based on a set of perturbations around the optimal allocations that preserve expected utility and incentive compatibility. Non-separability in preferences gives rise to a new tradeoff between current and future redistribution that is internalized by the planner's solution but not by private savings decisions. This leads to a novel rationale to subsidize (tax) savings and make labor taxes more (less) persistent, when more productive agents also have higher (lower) consumption needs.
主题Macroeconomics and Growth ; Public Economics
URLhttps://cepr.org/publications/dp16254
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/545219
推荐引用方式
GB/T 7714
Christian HELLWIG. DP16254 Static and Dynamic Mirrleesian Taxation with Non-separable Preferences: A Unified Approach. 2021.
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