Generalized Compensation Principle
نویسندگان
چکیده
Economic disruptions (techonological change, trade liberalization, immigration flows) generally create winners and losers, i.e., wage gains for some individuals losses others. The compensation problem consists of designing a reform the existing income tax system that offsets wefare by redistributing winners. We derive closed-form formula compensating its impact on government budget when only distortionary instruments are available wages determined endogenously in general equilibrium. apply this result to automation U.S. Germany.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4109517