Now showing items 1-11 of 11

    • Equalizing Outcomes vs. Equalizing Opportunities: Optimal Taxation when Children' s Abilities Depend on Parents' Resources 

      Gelber, Alexander; Weinzierl, Matthew Charles (2012-09-17)
      Empirical research suggests that parents’ economic resources affect their children’s future earnings abilities. Optimal tax policy therefore will treat future ability distributions as endogenous to current taxes. We model ...
    • Essays in Optimal Taxation 

      Lockwood, Benjamin B. (2016-05-04)
      Policy often differs from the recommendations of theoretical optimal tax models in substantial and enduring ways. Such differences are sometimes surely because policy is suboptimal; however they may also be driven by ...
    • An Exploration of Optimal Stabilization Policy 

      Weinzierl, Matthew Charles; Mankiw, N. Gregory; Eggertsson, Gauti B.; Blanchard, Olivier (Brookings Institution Press, 2011)
      This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and ...
    • De Gustibus non est Taxandum: Heterogeneity in Preferences and Optimal Redistribution 

      Lockwood, Benjamin B; Weinzierl, Matthew Charles (Elsevier, 2015)
      The prominent but unproven intuition that preference heterogeneity reduces redistribution in a standard optimal tax model is shown to hold under the plausible condition that the distribution of preferences for consumption ...
    • Optimal Taxation in Theory and Practice 

      Mankiw, N. Gregory; Weinzierl, Matthew Charles; Yagan, Danny Ferris (American Economic Association, 2009)
      The optimal design of a tax system is a topic that has long fascinated economic theorists and flummoxed economic policymakers. This paper explores the interplay between tax theory and tax policy. It identifies key lessons ...
    • Popular Acceptance of Morally Arbitrary Luck and Widespread Support for Classical Benefit-Based Taxation 

      Weinzierl, Matthew Charles (2016-03-30)
      U.S. survey respondents’ views on distributive justice are shown to differ in two specific, related ways from what is conventionally assumed in modern optimal tax theory. A large share, and in some cases a large majority, ...
    • Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions 

      Lockwood, Benjamin B; Weinzierl, Matthew Charles (2014-12-09)
      Calculating the welfare implications of changes to economic policy or shocks to the economy requires economists to decide on a normative criterion. One way to make that decision is to elicit the relevant moral criteria ...
    • The Promise of Positive Optimal Taxation 

      Weinzierl, Matthew Charles (2014-01-13)
      At the heart of modern optimal tax research is the assumption that the objective of taxation is Utilitarian. I present new survey evidence that most people disagree with this assumption, preferring tax policies based at ...
    • The Promise of Positive Optimal Taxation: Normative Diversity and a Role for Equal Sacrifice 

      Weinzierl, Matthew Charles (Elsevier, 2015)
      A prominent assumption in modern optimal tax research is that the objective of taxation is Utilitarian. I present new survey evidence that most people disagree with this assumption, preferring tax policies based at least ...
    • Seesaws and Social Security Benefits Indexing 

      Weinzierl, Matthew Charles (2014-12-08)
      The price indexation of Social Security bene.t payments has emerged in recent years as a flashpoint of debate in the United States. I characterize the direct effects that changes in that price index would have on retirees ...
    • A Welfarist Role for Nonwelfarist Rules: An Example with Envy 

      Weinzierl, Matthew Charles (2017-01-23)
      I propose and formalize an argument for why economists working in the welfarist normative tradition should include nonwelfarist principles in how they judge economic policy. The key idea behind this argument is that the ...