Replication data for: A Road Map for Efficiently Taxing Heterogeneous Agents

Principal Investigator(s):  View help for Principal Investigator(s) Marios Karabarbounis

Version:  View help for Version V1

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LICENSE.txt text/plain 14.6 KB 12/07/2019 09:19:AM

Project Citation: 

Karabarbounis, Marios. Replication data for: A Road Map for Efficiently Taxing Heterogeneous Agents. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116398V1

Project Description

Summary:  View help for Summary This paper characterizes optimal labor income taxes that depend on age, household assets, and filing status (one or two earners) within a life-cycle model with heterogeneous, two-member households. The key innovation is a labor supply elasticity that varies endogenously among households. I find that tax distortions should be hump shaped in age, decrease in household assets, and be lower for joint relative to single filers. Age and assets act as complements within the optimal tax policy. Overall, a tax system using all three tags can increase consumption up to 6.4 percent and welfare up to 1.5 percent. (JEL D14, D91, H21, H24, J22, J31)

Scope of Project

JEL Classification:  View help for JEL Classification
      D14 Household Saving; Personal Finance
      D15 Intertemporal Household Choice; Life Cycle Models and Saving
      H21 Taxation and Subsidies: Efficiency; Optimal Taxation
      H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
      J22 Time Allocation and Labor Supply
      J31 Wage Level and Structure; Wage Differentials


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