Non-Leaky Buckets: Optimal Redistributive Taxation and Agency Costs
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Economists have generally argued that income redistribution comes at a cost in aggregate incomes. We provide a counter-example in a model where private information gives rise to incentive constraints. In the model, a wage tax creates the usual distortion in labor-leisure choices, but the grants that
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美国国家经济研究局创建时间：
1994-02-01
