a r t i c l e i n f o This paper quantitatively characterizes optimal linear and two-bracket income taxes. We consider a dynamic-stochastic-general-equilibrium model in which tax design involves redistributing income for both equity and social insurance. Substantive findings include: (i) a significant fraction of agents supply zero labor or hold zero assets at the optimum; (ii) neglecting tax d...

We test whether mortality is related to individual income, mean community income, and community income inequality, controlling for initial health status and personal characteristics. The analysis is based on a random sample from the adult Swedish population of over 40,000 individuals who were followed up for 10-17 years. We find that mortality decreases significantly as individual income increa...

The rising inequality of income distribution has attracted world’s attention since Krugman [2007] criticized the rising inequality in the U.S. especially after the 1980s. This phenomenon became well known worldwide when “Occupy Wall Street” movement broke out in 2011, and has been discussed in Stiglitz [2012] and Piketty [2013]. It must be noted, first, that their analysis is econometric or pol...

experiment was conducted as split plot in a randomized complete block design with three replications in kermanshah to shed lights on economic analysis of deficit irrigation and integrated application of biological and chemical fertilizer son cultivation of medicinal plant borage (borago officinalis l). irrigation tritments include: a) 30% less water than crop requires invegetative, b) inreprodu...

"This paper analyzes the interaction between income distribution, human capital accumulation and migration. It shows that when migration is not a certainty, a brain drain may increase average productivity and equality in the source economy even though average productivity is a positive function of past average levels of human capital in an economy. It is also shown how the temporary possibility...

This paper examines the migration response to a millionaire tax in New Jersey, which raised its income tax rate on top earners by 2.6 percentage points to 8.97 percent, one of the highest tax rates in the country. Drawing on unique state tax micro-data, we estimate the migration response of millionaires to the rate increase, using a difference-in-differences estimation strategy. The results ind...

Europe and Japan are experiencing the aging of their populations. Aging implies a restructuring of the economy. Political issues which arise in an aging society include 1) a voting majority for the interests of the elderly, 2) a voting majority of females, 3) the domination of the decision power in corporate and similar ruling bodies, and 4) unemployment or a long wait for promotion for young...

We have stressed that tax incidence must be traced to people, since corporations cannot bear the burden of a tax. Why then tax corporations at all? There are several possible justi…cations. First, there are valuable bene…ts, such as limited liability, to incorporation. The corporate tax could be seen as simply a tax on that value. However, the current corporate tax system does not re‡ect a sens...

This paper utilizes a Monte Carlo approach to simulate intergenerational farm property transfers within the context of four common succession strategies across series ordinary income and capital gain tax rates. Ordinary income/expenses accompany these in form interest potential for depreciation recapture all sales between parties where transaction prices exceed basis financing is utilized. Fina...

This paper starts with the observation that pure time preference theory leads to conflicting views concerning effect of changes in productivity on rate interest. Subsequently, it reviews parts interest literature and concludes does not qualify as a praxeological theory. Then, combines Hülsmann’s subjectivist capital Lachmann Kirzner provides explains The key is cost reduction through use fixed ...