Matches in SemOpenAlex for { <https://semopenalex.org/work/W2776451878> ?p ?o ?g. }
Showing items 1 to 88 of
88
with 100 items per page.
- W2776451878 abstract "Investment in human capital is lower when the returns to it are subject to uninsurable risk. Progressive income taxation offers a degree of insurance against such risk. Offsetting this effect are the two well-known distortions imposed by progressive taxation: lower expected net-of-tax returns to human-capital acquisition and distortion of the labor-supply decision. The net efficiency effect of progressive income taxation is therefore ambiguous, but there is a presumption that some degree of progressivity can be welfare-improving for risk-averse individuals. To derive the degree of progressivity that may be desirable on efficiency grounds, I construct a general-equilibrium model of an economy with two sectors, calibrated to approximate the U.S. labor market, that differ in terms of the productivity of human capital and the variability of lifetime earnings. Individuals, who differ only in terms of their risk aversion, sort themselves into the two sectors. The simple version of this model, which ignores the labor-leisure choice, suggests that a relatively high degree of income-tax progressivity maximizes aggregate welfare as measured by workers’ willingness to pay for the insurance being provided. When each workers’ supply of labor is allowed to vary in response to marginal tax rates, the efficient degree of progressivity is similar to that of the U.S. tax code." @default.
- W2776451878 created "2018-01-05" @default.
- W2776451878 creator A5077370961 @default.
- W2776451878 date "2017-01-01" @default.
- W2776451878 modified "2023-09-27" @default.
- W2776451878 title "The Insurance Value of Progressive Taxation with Heterogeneous Risk Aversion" @default.
- W2776451878 doi "https://doi.org/10.2139/ssrn.3087623" @default.
- W2776451878 hasPublicationYear "2017" @default.
- W2776451878 type Work @default.
- W2776451878 sameAs 2776451878 @default.
- W2776451878 citedByCount "0" @default.
- W2776451878 crossrefType "journal-article" @default.
- W2776451878 hasAuthorship W2776451878A5077370961 @default.
- W2776451878 hasConcept C100001284 @default.
- W2776451878 hasConcept C100243477 @default.
- W2776451878 hasConcept C103382277 @default.
- W2776451878 hasConcept C106159729 @default.
- W2776451878 hasConcept C121955636 @default.
- W2776451878 hasConcept C126780896 @default.
- W2776451878 hasConcept C127413603 @default.
- W2776451878 hasConcept C129915516 @default.
- W2776451878 hasConcept C145236788 @default.
- W2776451878 hasConcept C162324750 @default.
- W2776451878 hasConcept C165786947 @default.
- W2776451878 hasConcept C172008318 @default.
- W2776451878 hasConcept C175444787 @default.
- W2776451878 hasConcept C194257627 @default.
- W2776451878 hasConcept C205706631 @default.
- W2776451878 hasConcept C24326235 @default.
- W2776451878 hasConcept C2776943663 @default.
- W2776451878 hasConcept C2777802852 @default.
- W2776451878 hasConcept C2781426361 @default.
- W2776451878 hasConcept C34447519 @default.
- W2776451878 hasConcept C46362747 @default.
- W2776451878 hasConcept C50522688 @default.
- W2776451878 hasConcept C551662922 @default.
- W2776451878 hasConcept C74939039 @default.
- W2776451878 hasConceptScore W2776451878C100001284 @default.
- W2776451878 hasConceptScore W2776451878C100243477 @default.
- W2776451878 hasConceptScore W2776451878C103382277 @default.
- W2776451878 hasConceptScore W2776451878C106159729 @default.
- W2776451878 hasConceptScore W2776451878C121955636 @default.
- W2776451878 hasConceptScore W2776451878C126780896 @default.
- W2776451878 hasConceptScore W2776451878C127413603 @default.
- W2776451878 hasConceptScore W2776451878C129915516 @default.
- W2776451878 hasConceptScore W2776451878C145236788 @default.
- W2776451878 hasConceptScore W2776451878C162324750 @default.
- W2776451878 hasConceptScore W2776451878C165786947 @default.
- W2776451878 hasConceptScore W2776451878C172008318 @default.
- W2776451878 hasConceptScore W2776451878C175444787 @default.
- W2776451878 hasConceptScore W2776451878C194257627 @default.
- W2776451878 hasConceptScore W2776451878C205706631 @default.
- W2776451878 hasConceptScore W2776451878C24326235 @default.
- W2776451878 hasConceptScore W2776451878C2776943663 @default.
- W2776451878 hasConceptScore W2776451878C2777802852 @default.
- W2776451878 hasConceptScore W2776451878C2781426361 @default.
- W2776451878 hasConceptScore W2776451878C34447519 @default.
- W2776451878 hasConceptScore W2776451878C46362747 @default.
- W2776451878 hasConceptScore W2776451878C50522688 @default.
- W2776451878 hasConceptScore W2776451878C551662922 @default.
- W2776451878 hasConceptScore W2776451878C74939039 @default.
- W2776451878 hasLocation W27764518781 @default.
- W2776451878 hasOpenAccess W2776451878 @default.
- W2776451878 hasPrimaryLocation W27764518781 @default.
- W2776451878 hasRelatedWork W1492051567 @default.
- W2776451878 hasRelatedWork W1578582723 @default.
- W2776451878 hasRelatedWork W2002894734 @default.
- W2776451878 hasRelatedWork W2010728869 @default.
- W2776451878 hasRelatedWork W2086439254 @default.
- W2776451878 hasRelatedWork W2147901988 @default.
- W2776451878 hasRelatedWork W2212009451 @default.
- W2776451878 hasRelatedWork W2275990388 @default.
- W2776451878 hasRelatedWork W2598188586 @default.
- W2776451878 hasRelatedWork W2621078137 @default.
- W2776451878 hasRelatedWork W2903165129 @default.
- W2776451878 hasRelatedWork W3024355467 @default.
- W2776451878 hasRelatedWork W3105368503 @default.
- W2776451878 hasRelatedWork W3121333508 @default.
- W2776451878 hasRelatedWork W3121680703 @default.
- W2776451878 hasRelatedWork W3122272516 @default.
- W2776451878 hasRelatedWork W3122943066 @default.
- W2776451878 hasRelatedWork W3123238202 @default.
- W2776451878 hasRelatedWork W3123574447 @default.
- W2776451878 hasRelatedWork W39995927 @default.
- W2776451878 isParatext "false" @default.
- W2776451878 isRetracted "false" @default.
- W2776451878 magId "2776451878" @default.
- W2776451878 workType "article" @default.