| 来源类型 | Working Paper
|
| 规范类型 | 报告
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| DOI | 10.3386/w27622
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| 来源ID | Working Paper 27622
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| Efficient Redistribution |
| Corina Boar; Virgiliu Midrigan
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| 发表日期 | 2020-08-03
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| 出版年 | 2020
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| 语种 | 英语
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| 摘要 | What are the most efficient means of redistribution in an unequal economy? We answer this question by characterizing the optimal shape of non-linear income and wealth taxes in a dynamic general equilibrium model with uninsurable idiosyncratic risk. Our analysis reproduces the distribution of income and wealth in the United States and explicitly takes into account the long-lived transition dynamics after policy reforms. We find that a uniform flat tax on capital and labor income combined with a lump-sum transfer is nearly optimal. Though allowing for increasing marginal income and wealth taxes raises welfare, the incremental gains are small due to strong behavioral and general equilibrium effects. This result is robust to changing household preferences, the distribution of ability, the planner’s preference for redistribution, as well as to explicitly modeling private business ownership and the ensuing heterogeneity in rates of return. |
| 主题 | Macroeconomics
; Consumption and Investment
; Fiscal Policy
; Public Economics
; Taxation
|
| URL | https://www.nber.org/papers/w27622
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585294
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推荐引用方式
GB/T 7714 |
Corina Boar,Virgiliu Midrigan. Efficient Redistribution. 2020.
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文件名：
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w27622.pdf
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格式：
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Adobe PDF
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