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Higher tax for top earners
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dc.contributor.author | FitzRoy, Felix R | |
dc.contributor.author | Jin, Jim Yongtao | |
dc.date.accessioned | 2017-07-27T09:30:07Z | |
dc.date.available | 2017-07-27T09:30:07Z | |
dc.date.issued | 2017-10 | |
dc.identifier.citation | FitzRoy , F R & Jin , J Y 2017 , ' Higher tax for top earners ' , Journal of Economics , vol. 122 , no. 2 , pp. 121-136 . https://doi.org/10.1007/s00712-017-0557-1 | en |
dc.identifier.issn | 0931-8658 | |
dc.identifier.other | PURE: 250349009 | |
dc.identifier.other | PURE UUID: 24affd78-6f41-4d70-96a5-bef2a7b9e2ce | |
dc.identifier.other | WOS: 000411903200002 | |
dc.identifier.other | Scopus: 85022199325 | |
dc.identifier.uri | https://hdl.handle.net/10023/11305 | |
dc.description.abstract | The literature can justify both increasing and decreasing marginal taxes (IMT & DMT) on top incomes under different welfare objectives and income distributions. Even when DMT are theoretically optimal, they are often politically infeasible. Then a flat tax seems to be a constrained optimal solution. We show however that, given any flat tax we can increase the total utility of a poor majority by raising the top income tax rate under a simple condition, which can be checked with empirical data. We further generalize our main results allowing different welfare weights, declining elasticity of labor supply and more tax bands. | |
dc.format.extent | 16 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of Economics | en |
dc.rights | © The Author(s) 2017 This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. | en |
dc.subject | Flat tax | en |
dc.subject | Piecewise linear taxes | en |
dc.subject | Income redistribution | en |
dc.subject | HB Economic Theory | en |
dc.subject | HJ Public Finance | en |
dc.subject | 3rd-DAS | en |
dc.subject.lcc | HB | en |
dc.subject.lcc | HJ | en |
dc.title | Higher tax for top earners | en |
dc.type | Journal article | en |
dc.description.version | Publisher PDF | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.doi | https://doi.org/10.1007/s00712-017-0557-1 | |
dc.description.status | Peer reviewed | en |
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