000			01809nab a2200253 c 4500
999			_c150508 _d150508
003			ES-MaIEF
005			20250327101213.0
007			ta
008			250327t2025 xxk||||| |||| 00| 0eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_964280 _aGerritsen, Aart
245	1	0	_aOptimal taxation of capital income with heterogeneous rates of return _c Aart Gerritsen, Bas Jacobs, Kevin Spiritus and Alexandra V. Rusu
504			_aBibliografía
520			_aWe derive the Pareto-efficient mix of non-linear taxes on labour income and capital income if people differ in their rates of return on capital. We allow for two reasons why rates of return differ: because individuals with higher ability are better able to invest their capital or because wealthier individuals enjoy scale effects in wealth accumulation. In both cases, a strictly positive tax on capital income is part of any Pareto-efficient tax system. We derive a condition for the Pareto-efficient tax mix that relies solely on empirical sufficient statistics—not on social welfare weights—and find that Pareto-efficient taxes on capital income increase with the degree of return heterogeneity. Numerical simulations for empirically plausible return heterogeneity suggest that Pareto-efficient marginal tax rates on capital income are positive and substantial.
650		4	_950199 _aIMPUESTO SOBRE LA RENTA DE LAS PERSONAS FISICAS
650		4	_946513 _aIMPUESTO SOBRE SUCESIONES Y DONACIONES
650		4	_948501 _aSUBVENCIONES PUBLICAS
650		4	_943270 _aEFICIENCIA
700			_951217 _aJacobs, Bas
700	1		_972478 _aSpiritus, Kevin
700	1		_972479 _aRusu, Alexandra V.
773	0		_9173195 _oOP 282/2025/665 _tThe Economic Journal _w(IEF)330 _x 0013-0133 [papel] _g v. 135, n. 665, January 2024, p. 180-211
942			_cART