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| Author: | Pirttilä, J. Tuomala, M. |
| Title: | Labour income uncertainty, taxation and public good provision |
| Journal: | Economic Journal
2007 : MAR, VOL. 117:518, p. 567-582 |
| Index terms: | incomes moral hazard public goods taxation uncertainty |
| Language: | eng |
| Abstract: | The paper examines optimal nonlinear income taxation, commodity taxation and public good provision under income uncertainty in a moral hazard framework. Uniform commodity taxation and the Samuelson rule for public good provision are desirable under similar conditions as in the conventional tax model. Deviations from these rules is warranted if one can encourage effort by subsidising certain goods and overproviding public goods. The study also determines a rule for the optimal marginal income tax rate and provides some numerical simulations. |
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