Place-Based Redistribution

• 成果类型: Article
• 署名作者: Gaubert, Cecile; Kline, Patrick; Vergara, Damian; Yagan, Danny
• 署名单位: University of California System; University of California Berkeley; National Bureau of Economic Research; University of Michigan System; University of Michigan
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20202067
• 发表日期: 2025
• 页码: 3415-3450
• 关键词: local economic-development; optimal taxation; sufficient statistics; income taxation; policies; EFFICIENCY; elasticities; INEQUALITY; jobs

摘要

We study optimal income taxation in a spatial equilibrium model with heterogeneous locational preferences, labor supply decisions, and competitive housing and labor markets. Expressions characterizing the optimal tax schedule in each community are provided that capture the fiscal externalities associated with migration and the effects of redistribution between households and landlords. Correlation between skill and locational preferences yields optimal transfers to poor areas, while sorting based on comparative advantage can motivate transfers in either direction. A calibration to areas targeted by the US Empowerment Zone program yields sizable optimal spatial transfers that are sensitive to assumed levels of migration responsiveness. (JEL H21, H23, H24, J24, J31, R23)