منابع مشابه
Taxing Top Ceo Incomes
We use a firm-CEO assignment framework to model the market for CEO effective labor. In the model’s equilibrium more talented CEOs match with and supply more effort to larger firms. Taxation of CEO incomes affects the equilibrium pricing of CEO effective labor and, hence, spills over and affects firm profits. Absent the ability to tax profits or a direct concern for firm owners, a standard presc...
متن کاملTaxing Top Incomes
We model high income earners as sellers of quality services in a competitive assignment framework. Sellers (high income earners) are differentiated by ability; buyers by their taste for the service. There is assortative matching of buyers and sellers. We show that conventional optimal tax formulas are modified both by a social concern for buyers and an altered mapping of the talent into the inc...
متن کاملTop Incomes and National Savings
The relationship between income inequality and national savings is theoretically ambiguous, and past empirical studies have delivered mixed results. We revisit the question using a newly available source of data on inequality: the income share of the richest 10 percent and the richest 1 percent. Combining this with historical data on national savings rates, we are able to investigate the relati...
متن کاملOptimal Marginal Tax Rates for Low Incomes:
Previous studies have shown that the optimal marginal tax rate at the bottom of the income distribution may be positive, negative, or even zero. This paper reexamines this problem in a unified framework and tries to evaluate the arguments. It turns out that the case for positive marginal tax rates is quite strong, whereas negative marginal tax rates seem to be based on a misconception.
متن کاملDo Rising Top Incomes Lift All Boats?
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year. This relationship is not drive...
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ژورنال
عنوان ژورنال: Policy Quarterly
سال: 2015
ISSN: 2324-1101,2324-1098
DOI: 10.26686/pq.v11i1.4522