Redistribution and the marginal cost of public funds
成果类型：
Article
署名作者：
Sandmo, A
署名单位：
Norwegian School of Economics (NHH)
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/S0047-2727(98)00040-1
发表日期：
1998
页码：
365-382
关键词：
摘要：
Discussions of the marginal cost of public funds with distortionary taxation are often cast in the framework of a one-consumer economy, while the main justification of distortionary taxes is that they are needed for redistribution. This paper analyzes the issue in a model with heterogeneous consumers and a linear income tax, focusing on the tradeoff between labour market distortions and the redistribution from high-wage to low-wage workers. In an optimal tax system the MCF will be the same for all sources of funds and under certain assumptions less than. one. Without optimality the MCF will in general differ between different sources of finance. (C) 1998 Elsevier Science S.A. All rights reserved.
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