Nonlinear Capital Taxation Without Commitment
We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment. Our main result is that the marginal tax on capital income is progressive, in the sense that richer...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
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Oxford University Press
2013
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| Online Access: | http://hdl.handle.net/1721.1/82875 https://orcid.org/0000-0003-2370-5575 |
| _version_ | 1826207388764471296 |
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| author | Werning, Ivan Farhi, Emmanuel Sleet, Christopher Yeltekin, Sevin |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Werning, Ivan Farhi, Emmanuel Sleet, Christopher Yeltekin, Sevin |
| author_sort | Werning, Ivan |
| collection | MIT |
| description | We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment. Our main result is that the marginal tax on capital income is progressive, in the sense that richer agents face higher marginal tax rates. |
| first_indexed | 2024-09-23T13:48:32Z |
| format | Article |
| id | mit-1721.1/82875 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:48:32Z |
| publishDate | 2013 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | mit-1721.1/828752022-09-28T16:20:36Z Nonlinear Capital Taxation Without Commitment Non-linear Capital Taxation Without Commitment Werning, Ivan Farhi, Emmanuel Sleet, Christopher Yeltekin, Sevin Massachusetts Institute of Technology. Department of Economics Werning, Ivan We study efficient non-linear taxation of labour and capital in a dynamic Mirrleesian model incorporating political economy constraints. Policies are chosen sequentially over time, without commitment. Our main result is that the marginal tax on capital income is progressive, in the sense that richer agents face higher marginal tax rates. 2013-12-09T13:13:23Z 2013-12-09T13:13:23Z 2012-01 2011-10 Article http://purl.org/eprint/type/JournalArticle 0034-6527 1467-937X http://hdl.handle.net/1721.1/82875 Farhi, E., C. Sleet, I. Werning, and S. Yeltekin. “Non-linear Capital Taxation Without Commitment.” The Review of Economic Studies 79, no. 4 (October 18, 2012): 1469-1493. https://orcid.org/0000-0003-2370-5575 en_US http://dx.doi.org/10.1093/restud/rds001 The Review of Economic Studies Creative Commons Attribution-Noncommercial-Share Alike 3.0 http://creativecommons.org/licenses/by-nc-sa/3.0/ application/pdf Oxford University Press Other univ. web domain |
| spellingShingle | Werning, Ivan Farhi, Emmanuel Sleet, Christopher Yeltekin, Sevin Nonlinear Capital Taxation Without Commitment |
| title | Nonlinear Capital Taxation Without Commitment |
| title_full | Nonlinear Capital Taxation Without Commitment |
| title_fullStr | Nonlinear Capital Taxation Without Commitment |
| title_full_unstemmed | Nonlinear Capital Taxation Without Commitment |
| title_short | Nonlinear Capital Taxation Without Commitment |
| title_sort | nonlinear capital taxation without commitment |
| url | http://hdl.handle.net/1721.1/82875 https://orcid.org/0000-0003-2370-5575 |
| work_keys_str_mv | AT werningivan nonlinearcapitaltaxationwithoutcommitment AT farhiemmanuel nonlinearcapitaltaxationwithoutcommitment AT sleetchristopher nonlinearcapitaltaxationwithoutcommitment AT yeltekinsevin nonlinearcapitaltaxationwithoutcommitment |