Arbeitspapier
Pareto Weights in Practice: A Quantitative Analysis across 32 OECD Countries
We develop a quantitative heterogeneous-agents general equilibrium model that reproduces the income inequalities of 32 countries in the Organization for Economic Co-operation and Development. Using this model, we compute the optimal income tax rate for each country under the equal-weight utilitarian social welfare function. We simulate the voting outcome for the utilitarian optimal tax reform for each country. Finally, we uncover the Pareto weights in the social welfare functions of each country that justify the current redistribution policy.
- Sprache
-
Englisch
- Erschienen in
-
Series: LIS Working Paper Series ; No. 662
- Klassifikation
-
Wirtschaft
- Thema
-
Income Inequality
Optimal Tax
Pareto Weights
Political Economy
Redistribution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Chang, Bo Hyun
Chang, Yongsung
Kim, Sun-Bin
- Ereignis
-
Veröffentlichung
- (wer)
-
Luxembourg Income Study (LIS)
- (wo)
-
Luxembourg
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Chang, Bo Hyun
- Chang, Yongsung
- Kim, Sun-Bin
- Luxembourg Income Study (LIS)
Entstanden
- 2016