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DTSTART:20070311T020000
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DTSTAMP:20220919T110305
DTSTART;TZID=America/Detroit:20221012T160000
DTEND;TZID=America/Detroit:20221012T173000
SUMMARY:Workshop / Seminar:On the optimal design of transfers and income-tax progressivity\, with P. Grübener\, G. Navarro and O. Vardishvili
DESCRIPTION:We study the optimal design of means-tested transfers and progressive income taxes. In a simple analytical model\, we demonstrate an optimally negative relation between transfers and income-tax progressivity due to efficiency and redistribution concerns. In a rich dynamic model\, we quantify the optimal plan with flexible tax-and-transfer functions. Transfers should be larger than currently in the U.S. and financed with moderate income-tax progressivity. Transfers are key to implement higher progressivity in average than in marginal tax-and-transfer rates\, achieving redistribution while preserving efficiency. Quantitatively\, the left tail of the income distribution determines optimal transfers\, whereas the right tail determines income-tax progressivity.
UID:98611-21796968@events.umich.edu
URL:https://events.umich.edu/event/98611
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar
LOCATION:Lorch Hall - 201
CONTACT:
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