The Theory of Taxation and Public Economics

Kaplow, Louis

doi:10.1515/9781400839223

Cited by 136 publications

(128 citation statements)

References 339 publications

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“…The analysis of the present article thus can be understood as demonstrating a substantial unity between the pure commodity tax problem and that involving externalities, one that can be taken advantage of in subsequent research, including that on qualifications to first‐best prescriptions. As Kaplow (2008b) explores, this structural linkage is also present more broadly; most relevant for present purposes, much government regulation is, in important respects, analogous to corrective taxation and to that extent amenable to the mode of analysis developed here.…”

Section: Discussionmentioning

confidence: 90%

Optimal Control of Externalities in the Presence of Income Taxation*

Kaplow

2012

Int Economic Review

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A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is motivated by the possibility that distributive concerns should amend the internalization prescription. It is demonstrated, however, that simple first-best rulesunmodified for labor supply distortion or distribution -are correct in a natural, basic formulation of the problem. Specifically, setting all commodity taxes equal to marginal harms (and subsidies equal to marginal benefits) can generate a Pareto improvement. Likewise, a marginal reform in the direction of the first-best can yield a Pareto improvement. Qualifications and explanations for differences from previous work are also presented. JEL Classification nos: D61, D62, D63, H21, H23, K32.

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Section: Discussionmentioning

confidence: 90%

Optimal Control of Externalities in the Presence of Income Taxation*

Kaplow

2012

Int Economic Review

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“…Saez, Slemrod, and Giertz review estimates of the elasticity of taxable income across several different countries, finding that those in higher tax brackets seem to be more sensitive generally to tax policy changes (Saez, Slemrod et al 2009). In other words, over time we can expect an ever-larger distortionary effect arising not so much from raising taxes per se , but from the transfer of tax revenue from one group to another (Kaplow 2008). …”

Section: Simulation Resultsmentioning

confidence: 99%

Health Care Spending Growth and the Future of U.S. Tax Rates

Baicker

Skinner

2011

Tax Policy and the Economy

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The fraction of GDP devoted to health care in the United States is the highest in the world and rising rapidly. Recent economic studies have highlighted the growing value of health improvements, but less attention has been paid to the efficiency costs of tax-financed spending to pay for such improvements. This paper uses a life cycle model of labor supply, saving, and longevity improvement to measure the balanced-budget impact of continued growth in the Medicare and Medicaid programs. The model predicts that top marginal tax rates could rise to 70 percent by 2060, depending on the progressivity of future tax changes. The deadweight loss of the tax system is greater when the financing is more progressive. If the share of taxes paid by high-income taxpayers remains the same, the efficiency cost of raising the revenue needed to finance the additional health spending is $1.48 per dollar of revenue collected, and GDP declines (relative to trend) by 11 percent. A proportional payroll tax has a lower efficiency cost (41 cents per dollar of revenue averaged over all tax hikes, a 5 percent drop in GDP) but more than doubles the share of the tax burden borne by lower income taxpayers. Empirical support for the model comes from analysis of OECD country data showing that countries facing higher tax burdens in 1979 experienced slower health care spending growth in subsequent decades. The rising burden imposed by the public financing of health care expenditures may therefore serve as a brake on health care spending growth.

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“…The SGC supports Australia's ageing population problems by requiring the labour force to save for their own retirement expenditure (Kaplow, 2008). The third pillar of Australia's retirement savings system is voluntary savings.…”

Section: A the Australian Retirement Systemmentioning

confidence: 99%

Australia is Facing a Housing Affordability Crisis: Is the Solution to this Problem the Singapore Model of Housing?

McLaren¹,

Yeo

Sweet

2016

AABFJ

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Australia is pricing young buyers out of the housing market. Unfortunately, debt-free home ownership in the retirement years is a key part of the Australian welfare system. This paper provides one possible solution to the current housing predicament of Australia. In doing so, the paper examines the housing strategy in Singapore, where residents are provided with accommodation at a reasonable cost. This strategy is examined and translated for use in Australia. In conclusion the paper proposes that the Singapore model of home ownership is worthy of consideration by the government of Australia. KeywordsHousing crisis, Australia, Singapore, Superannuation, housing affordability AbstractAustralia is pricing young buyers out of the housing market. Unfortunately, debt-free home ownership in the retirement years is a key part of the Australian welfare system. This paper provides one possible solution to the current housing predicament of Australia. In doing so, the paper examines the housing strategy in Singapore, where residents are provided with accommodation at a reasonable cost. This strategy is examined and translated for use in Australia. In conclusion the paper proposes that the Singapore model of home ownership is worthy of consideration by the government of Australia. JEL Classification: D14

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The Theory of Taxation and Public Economics

Cited by 136 publications

References 339 publications

Optimal Control of Externalities in the Presence of Income Taxation*

Optimal Control of Externalities in the Presence of Income Taxation*

Health Care Spending Growth and the Future of U.S. Tax Rates

Australia is Facing a Housing Affordability Crisis: Is the Solution to this Problem the Singapore Model of Housing?

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