Income taxation and optimal government policy
By: Louis Kaplow.
Contributors: John M. Olin Center for Law, Economics, and Business.
Series: Discussion paper -- no. 518; Discussion paper (John M. Olin Center for Law, Economics, and Business : Online) -- no. 518.
Publisher: Harvard Law School
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Various economic literatures address the question whether first-best prescriptions for government policy require modification because redistributive income taxation distorts labor supply and cannot achieve the distributive ideal.  Perhaps second-best rules for public goods provision, corrective taxation, public sector pricing, and other government activity should reflect concerns about distribution and labor supply distortion.  Recent work demonstrates, however, that in basic cases first-best principles remain applicable.  Demonstrations make use of income tax adjustments that preserve not only budget balance but also the pre-reform distribution ofutility"--John M. Olin Center for Law, Economics, and Business web site.
Notes: Title from PDF file as viewed on 3/19/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.