Inequality and Optimal Redistribution
Seiten
2019
Cambridge University Press (Verlag)
978-1-108-46911-1 (ISBN)
Cambridge University Press (Verlag)
978-1-108-46911-1 (ISBN)
Surveys some of the earlier results in linear and nonlinear taxation and produces some new numerical results. Examines empirically the relationship between the extent of redistribution and the components of the Mirrlees framework. Analyses the redistributive role of a range of factors in the Mirrlees framework.
From the 1980s onward, income inequality increased in many advanced countries. It is very difficult to account for the rise in income inequality using the standard labour supply/demand explanation. Fiscal redistribution has become less effective in compensating increasing inequalities since the 1990s. Some of the basic features of redistribution can be explained through the optimal tax framework developed by J. A. Mirrlees in 1971. This Element surveys some of the earlier results in linear and nonlinear taxation and produces some new numerical results. Given the key role of capital income in the overall income inequality, it also considers the optimal taxation of capital income. It examines empirically the relationship between the extent of redistribution and the components of the Mirrlees framework. The redistributive role of factors such as publicly provided private goods, public employment, endogenous wages in the overlapping generations model and income uncertainty are analysed.
From the 1980s onward, income inequality increased in many advanced countries. It is very difficult to account for the rise in income inequality using the standard labour supply/demand explanation. Fiscal redistribution has become less effective in compensating increasing inequalities since the 1990s. Some of the basic features of redistribution can be explained through the optimal tax framework developed by J. A. Mirrlees in 1971. This Element surveys some of the earlier results in linear and nonlinear taxation and produces some new numerical results. Given the key role of capital income in the overall income inequality, it also considers the optimal taxation of capital income. It examines empirically the relationship between the extent of redistribution and the components of the Mirrlees framework. The redistributive role of factors such as publicly provided private goods, public employment, endogenous wages in the overlapping generations model and income uncertainty are analysed.
1. Introduction; 2. Optimal linear labour income taxation; 3. The optimal nonlinear labour income tax; 4. Optimal top marginal rates and quasi-linear preferences in consumption; 5. Numerical optimal nonlinear tax schedules; 6. Optimal separable capital income and labour income taxation; 7. The empirical relationship between the extent of redistribution and the components of the Mirrlees framework; 8. Other considerations on redistribution; 9. Conclusions.
| Erscheinungsdatum | 03.04.2019 |
|---|---|
| Reihe/Serie | Elements in Public Economics |
| Zusatzinfo | Worked examples or Exercises; 49 Tables, black and white; 9 Plates, color; 12 Line drawings, black and white |
| Verlagsort | Cambridge |
| Sprache | englisch |
| Maße | 153 x 230 mm |
| Gewicht | 200 g |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| ISBN-10 | 1-108-46911-6 / 1108469116 |
| ISBN-13 | 978-1-108-46911-1 / 9781108469111 |
| Zustand | Neuware |
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