کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
883487 1471655 2015 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dynamic nonlinear income taxation with quasi-hyperbolic discounting and no commitment
ترجمه فارسی عنوان
مالیات بر درآمد غیرمستقیم پویا با تخفیف شبه هیربرخی و بدون تعهد
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


• We introduce quasi-hyperbolic discounting into a model of nonlinear taxation.
• It is assumed that the government cannot commit to its future tax policy.
• Quasi-hyperbolic discounting can increase long-run social welfare.
• Some individuals can be better-off in the long run from their short-run impatience.

This paper examines a dynamic model of nonlinear income taxation in which the government cannot commit to its future tax policy, and individuals are quasi-hyperbolic discounters who cannot commit to future consumption plans. The government has both paternalistic and redistributive objectives, and therefore uses its taxation powers to maximize a utilitarian social welfare function that reflects individuals’ true (long-run) preferences. Under first-best taxation, quasi-hyperbolic discounting exerts no effect on the level of social welfare attainable. Under second-best taxation, quasi-hyperbolic discounting increases (resp. decreases) the level of social welfare attainable when separating (resp. pooling) taxation is optimal. In stark contrast to previous studies, this result implies that some individuals can actually be better-off in the long run as a result of their short-run impatience.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 109, January 2015, Pages 101–119
نویسندگان
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