However this is not the end of the story, as there is still a possibility of a separating equilibrium (in the signaling game) but pooling at the income level, which, as we

Музей антропологии и этнографии имени Пе- тра Великого (Кунсткамера) РАН (далее — МАЭ) обладает многими редкими или да- же раритетными экспонатами

This paper concerns optimal redistributive income taxation and provision of a public input good in a two-type model with a minimum wage policy implemented for the low-ability type,

If there is no migration option, the optimal lifetime income taxation en- tails full deferral of taxation of saving and taxation of interest at the ordinary wage income rate..

incentives for the government to manipulate the marginal tax rates for the purpose of exploiting general equilibrium e¤ects on wages; (ii) the e¤ect of tax evasion on the

and married women substantially diverged in the 1990s. For this reason, it seems reasonable to assume they operate in distinct labor markets. For men on the other hand, to the

When, instead, the objective is to maximize expected worker surplus, then for both labor supply uncertainty and labor demand uncertainty a minimum wage should always be set if

Keywords: minimum guaranteed income, work fare, participation basic income, universal basic income, models of labour supply, tax reforms, welfare evaluation, optimal

Although the optimal tax rates are lower than in the baseline, the main results of the baseline model are valid with the separable utility function; the optimal capital income tax

Although our paper is also based on connecting optimal taxation with labor mobility, unlike Simula and Trannoy we focus on the e¤ect of tax competition on the employment of

We will find a general pattern for all utility functions with con- vex absolute risk aversion: when assets are observable (second best), the allocation has a more concave

shown that under convex absolute risk aversion, whenever consumption is concave function of the likelihood ratio in the restricted capital tax case, the same must hold in the model

OPTIMAL LABOR INCOME TAXATION WITH PERKS Settore/i scientifco disciplinari di afferenza.

∗ Optimal marginal tax rate at top can be negative ∗ Binding incentive constraints are not local.. ∗ Increases in heterogeneity reduces optimal income redistribution ∗

A government who does not care about redistribution (whose preferences are represented by a linear function ) would systematically choose this minimum wage level in order to

The study demonstrates that a minimum wage hike reduces an ac- tual unemployment rate and has positive effects on an employment rate under the demand-shortage economy whereas they

Our main results can be summarised as follows: (i) If in the …rst period the govern- ment can commit to its second-period tax policy, habit formation in consumption exerts no impact

In the general case, where the yields of the alternative option cannot be taxed, it is optimal to subsidize capital, and possibly labor, to induce firms that are in the margin