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DTSTART:20220327T010000
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DTSTART;TZID=Europe/Helsinki:20221121T121500
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SUMMARY:Axelle FERRIERE (PSE ) "On the Optimal Design of Transfers and Income-Tax Progressivity"
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 21th of Novembre 2022 \nRoom 3001 \nAxelle FERRIERE (PSE ) “On the Optimal Design of Transfers and Income-Tax Progressivity” \nAbstract : We study the optimal design of means-tested transfers and progressive income taxes. In a simple analytical model\, we show that adding a transfer to a loglinear tax induces welfare gains almost as large as in the second-best allocation. Transfers allow for more progressive average than marginal tax-and-transfer rates\, achieving redistribution while preserving efficiency. In a rich dynamic model\, we quantify the optimal fiscal plan. We use new flexible functions featuring targeted transfers and progressive income taxes\, proving a good empirical fit across the income distribution. Transfers should be larger than currently in the U.S. and financed with moderate income-tax progressivity. \nJoint work : P. Grübener\, G. Navarro and O. Vardishvili \nOrganizers:\nOlivier LOISEL (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/axelle-ferriere-pse-t-b-a/
CATEGORIES:Macroeconomics
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