LT 8 - Optimal Income Taxation Flashcards
1
Q
2 Welfare Theorems
A
2
Q
Efficiency vs equity
A
3
Q
First best vs second best
A
4
Q
Labour supply change due to labour income taxation
A
5
Q
Total DWL of income taxation
A
6
Q
Marginal DWL of income taxation (Graph)
A
7
Q
Marginal DWL = behavioural revenue loss equation
A
8
Q
Optimal income tax problem: social welfare function
A
9
Q
Flat tax or linear income tax
A
10
Q
Rawlsian SWF
A
11
Q
Rawlsian optimum on laffer curve
A
12
Q
The laffer curve & optimal taxation
A
13
Q
Laffer rate under linear taxation: equation
A
14
Q
Average elasticity of taxable income (ETI)
A
15
Q
Piecewise linear tax system
A
16
Q
High-income laffer rate
A
17
Q
Income vs commodity taxation
A
18
Q
Nichols-Zeckhauser / Atkinson Stiglitz argument
A
19
Q
Arthur Okun’s Bucket
A
20
Q
LT 8 Optimal income taxation conclusion
A
