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  • In this paper we propose a computational approach to empirical optimal taxation. We develop and estimate a microeconometric model that is run to simulate household labour supply decisions and the implied economic, fiscal and welfare effects. The microsimulation is embedded into a numerical optimization routine that identifies the tax-transfer rule that maximizes a social welfare function. We consider the class of tax-transfer rules where net available income is computed as a 4th degree polynomial transformation of taxable income plus a transfer. We present the results for six European countries: Germany, France, Italy, Luxembourg, Spain and the United Kingdom. For most values of the inequality aversion parameter k that characterizes the social welfare function, the optimized rules provide a higher social welfare than the current rule, with the exception of Luxembourg. The optimized tax-transfer rules are close to a Flat Tax plus a Universal Basic Income (or equivalently a Negative Income Tax). (xsd:string)
?:contributor
?:dateModified
  • 2022 (xsd:gyear)
?:datePublished
  • 2022 (xsd:gyear)
?:doi
  • 10.34196/ijm.00261 ()
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  • true (xsd:boolean)
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  • en (xsd:string)
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?:issn
  • 1747-5864 ()
?:issueNumber
  • 2 (xsd:string)
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?:name
  • Combining Microsimulation and Numerical Maximization to Identify Optimal Tax-Transfer Rules (xsd:string)
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?:publicationType
  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: International Journal of Microsimulation, 15, 2022, 2, 4-43 (xsd:string)
rdf:type
?:url
?:urn
  • urn:nbn:de:0168-ssoar-92691-4 ()
?:volumeNumber
  • 15 (xsd:string)