| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20780 |
| 来源ID | Working Paper 20780 |
| A Variational Approach to the Analysis of Tax Systems | |
| Mikhail Golosov; Aleh Tsyvinski; Nicolas Werquin | |
| 发表日期 | 2014-12-22 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We develop a general method to study the effects of non-linear taxation in dynamic settings using variational arguments. We first derive general theoretical formulas that characterize the welfare effects of local tax reforms and, in particular, the optimal tax system, potentially restricted within certain classes (e.g., age-independent, linear, separable). These formulas are expressed in terms of intuitive parameters, such as the labor and capital income elasticities and the hazard rates of the income distributions. Second, we apply these formulas to various specific settings. In particular, we decompose the gains arising from each element of tax reform, starting from a simple baseline system, as the available tax instruments becomes more sophisticated. We further show that the design of tax systems obeys a common general principle, namely that more sophisticated tax instruments (e.g., age-dependent, non-linear, non-separable) allow the government to fine-tune the tax rates by targeting higher distortions to the segments of the population whose behavior responds relatively little to those taxes. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w20780 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578455 |
| 推荐引用方式 GB/T 7714 | Mikhail Golosov,Aleh Tsyvinski,Nicolas Werquin. A Variational Approach to the Analysis of Tax Systems. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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