000 02453nab a2200277 c 4500
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005 20180419103342.0
007 t|
008 180419s2018 uk ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
041 _aeng
100 1 _960907
_aGuo, Jang Ting
245 0 _aChanging social preferences and optimal redistributive taxation
_c by Jang-Ting Guo and Alan Krause
260 _c2018
500 _aDisponible en formato electrónico a través de la Biblioteca del IEF.
500 _aResumen.
520 _aWe examine a dynamic model of optimal nonlinear taxation of labour income and savings, in which there are two political parties: left-wing and right-wing. The parties differ only in their redistributive preferences, with the left-wing party having a stronger preference for redistribution. Our analysis explicitly considers the possibility that society’s preference for redistribution may change, as reflected in its future voting behaviour. The incumbent government respects the possibility that society’s preference may change, and sets taxes to maximize expected social welfare. Our main result is that an incumbent left-wing (resp. right-wing) government will implement a regressive (resp. progressive) savings tax policy. The incumbent government implements this policy not out of self-interest, but to accommodate the redistributive goals of the opposing party.
650 4 _97978
_aIMPOSICION OPTIMA
650 4 _950200
_aRENTA
650 4 _948219
_aREDISTRIBUCION
650 4 _947776
_aMODELOS ECONOMETRICOS
700 1 _956026
_aKrause, Alan
773 0 _9155429
_tOxford Economic Papers
_w(IEF)120956
_x 0030-7653
_g v. 70, n. 1, January 2018, p. 73-92
856 _uhttps://watermark.silverchair.com/gpx025.pdf?token=AQECAHi208BE49Ooan9kkhW_Ercy7Dm3ZL_9Cf3qfKAc485ysgAAAbswggG3BgkqhkiG9w0BBwagggGoMIIBpAIBADCCAZ0GCSqGSIb3DQEHATAeBglghkgBZQMEAS4wEQQM45qzIecWiSRItjSjAgEQgIIBbmLIOuF7Tc7F-LbaN0WyD9FdrZk-QvEZFyQnCrndciRHMEutC9LaKqoSVI6kMAJzO4KKTpvrsPTwCjY8QF6gDm71bm2-zq0RRdzf-bx-8lkreXgnLW5lHcmKSIM3E4tCDkyJvfYZI6BNSESdBpqYAu3BSjwD4h77IgJSOVom8b4UG7yjSWMTsPz30k03t8xKctQIAg63_unAdQqYVu0gpvjPW-PksVjtNvL0APiKh_wW98K9OwpZ-MAQnfsTB2idBH-LvmHLMDqQ3D74ZyOd7Z061JFzuvrC-lrWBW91Ga0LkoRUQ7rogPIEvfKAKePtGfSZ9coHvOZrJyhDEE7eBOlcuIOcYcvpm2ZBuaH3RDftcs8FyHyUHyTirPtQTsi-m5wLjaIAZZNH0IUGcIEct7ZVdGPsLp-AVNK_dMWLiwwpN_VtZIJQXJ-Eomal_H2iT_7S5jxdwqVdDenR-o_UNmvvj50t8WwCQ6xXQEER2Q
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