000			02073nam a22002297a 4500
999			_c2977 _d2977
005			20220629144409.0
008			220629b ||||| |||| 00| 0 eng d
020			_a9781108469111
082			_a339.22 _bTAN
100			_aTanninen, Hannu _97073
245			_aInequality and optimal redistribution
260			_bCambridge University Press _aNew York _c2019
300			_a91 p.
365			_aGBP _b15.00
504			_aTable of Contents 1. Introduction 2. Optimal linear labour income taxation 3. The optimal nonlinear labour income tax 4. Optimal top marginal rates and quasi-linear preferences in consumption 5. Numerical optimal nonlinear tax schedules 6. Optimal separable capital income and labour income taxation 7. The empirical relationship between the extent of redistribution and the components of the Mirrlees framework 8. Other considerations on redistribution 9. Conclusions.
520			_aFrom the 1980s onward, income inequality increased in many advanced countries. It is very difficult to account for the rise in income inequality using the standard labour supply/demand explanation. Fiscal redistribution has become less effective in compensating increasing inequalities since the 1990s. Some of the basic features of redistribution can be explained through the optimal tax framework developed by J. A. Mirrlees in 1971. This Element surveys some of the earlier results in linear and nonlinear taxation and produces some new numerical results. Given the key role of capital income in the overall income inequality, it also considers the optimal taxation of capital income. It examines empirically the relationship between the extent of redistribution and the components of the Mirrlees framework. The redistributive role of factors such as publicly provided private goods, public employment, endogenous wages in the overlapping generations model and income uncertainty are analysed.
650			_aTaxation _9991
650			_aIncome distribution _91684
700			_aTuomala, Matti _97074
700			_aTuominen, Elina _97075
942			_2ddc _cBK