کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5098160 1478677 2016 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
NIT picking: The macroeconomic effects of a Negative Income Tax
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
NIT picking: The macroeconomic effects of a Negative Income Tax
چکیده انگلیسی
I study a revenue-neutral reform of the U.S. income tax and welfare system that involves the adoption of a Negative Income Tax (NIT). The reform is undertaken in a life-cycle economy with individual heterogeneity and uninsurable idiosyncratic labor risk. The optimal NIT consists of a 22% rate and a transfer equivalent to 11% of per-capita GDP. The ex-ante average welfare gain is a 2.1% annual increase of individual consumption. I show that a NIT outperforms a flat tax reform (income tax plus deduction) by a considerable margin. The key consequence of the reform is that high-productivity agents increase their relative importance in the labor supply at the expense of low-productivity agents.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 68, July 2016, Pages 1-16
نویسندگان
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