{"title":"Weak redistribution and certainty equivalent domination","authors":"Stéphane Gauthier, Guy Laroque","doi":"10.1111/jpet.12703","DOIUrl":null,"url":null,"abstract":"<p>We assess optimal deterministic nonlinear income taxation in a Mirrlees economy with a continuum of risk-averse agents whose utilities are quasilinear in labor. A weak redistribution motive makes random taxes more likely socially dominated by the deterministic policy where after-tax income lotteries are replaced with their certainty equivalents.</p>","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"26 3","pages":""},"PeriodicalIF":1.1000,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Public Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/jpet.12703","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We assess optimal deterministic nonlinear income taxation in a Mirrlees economy with a continuum of risk-averse agents whose utilities are quasilinear in labor. A weak redistribution motive makes random taxes more likely socially dominated by the deterministic policy where after-tax income lotteries are replaced with their certainty equivalents.
期刊介绍：
As the official journal of the Association of Public Economic Theory, Journal of Public Economic Theory (JPET) is dedicated to stimulating research in the rapidly growing field of public economics. Submissions are judged on the basis of their creativity and rigor, and the Journal imposes neither upper nor lower boundary on the complexity of the techniques employed. This journal focuses on such topics as public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems.
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