Weak redistribution and certainty equivalent domination

被引:0
|
作者
Gauthier, Stephane [1 ,2 ,5 ]
Laroque, Guy [3 ,4 ]
机构
[1] Univ Paris 01, Dept Econ, PSE, Paris, France
[2] Inst Fiscal Studies, Paris, France
[3] UCL, Dept Econ, Sci Po, London, England
[4] UCL, Inst Fiscal Studies, London, England
[5] PSE, 48 Bd Jourdan, F-75014 Paris, France
关键词
asymmetric information; certainty equivalent; random taxes; redistribution;
D O I
10.1111/jpet.12703
中图分类号
F [经济];
学科分类号
02 ;
摘要
We assess optimal deterministic nonlinear income taxation in a Mirrlees economy with a continuum of risk-averse agents whose utilities are quasilinear in labor. A weak redistribution motive makes random taxes more likely socially dominated by the deterministic policy where after-tax income lotteries are replaced with their certainty equivalents.
引用
收藏
页数:15
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