Reassessing the efficiency-equity trade-off: progressivity’s impact on growth

Detalhes bibliográficos
Autor(a) principal: Costa, Carlos Eugênio da
Data de Publicação: 2024
Outros Autores: Rodrigues, Artur
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/34838
Resumo: We revisit the efficiency-equity trade-off of optimal tax theory by emphasizing the consequences of increased progressivity on growth. We use an endogenous growth framework that considers both the decision to become a researcher and the effort established entrepreneurs make to improve their products. We find that the optimal level or progressivity is lower than the current one but that welfare gains are moderate – CEV ≈ 0.5%. However, if one disregards the growth impact one would prescribe a substantially higher level of progressivity at significant welfare cost – CEV ≈ −9%.
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spelling Costa, Carlos Eugênio daRodrigues, ArturEscolas::EPGE2024-02-07T17:03:15Z2024-02-07T17:03:15Zhttps://hdl.handle.net/10438/34838We revisit the efficiency-equity trade-off of optimal tax theory by emphasizing the consequences of increased progressivity on growth. We use an endogenous growth framework that considers both the decision to become a researcher and the effort established entrepreneurs make to improve their products. We find that the optimal level or progressivity is lower than the current one but that welfare gains are moderate – CEV ≈ 0.5%. However, if one disregards the growth impact one would prescribe a substantially higher level of progressivity at significant welfare cost – CEV ≈ −9%.engEnsaios Econômicos; 839Creative destructionResearch spilloversProgressive taxationImposto de renda - Estados UnidosDesenvolvimento econômicoEficiência governamental - Estudo de casosReassessing the efficiency-equity trade-off: progressivity’s impact on growthinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALfgv-epge-ensaio-economico-839.pdffgv-epge-ensaio-economico-839.pdfapplication/pdf1289008https://repositorio.fgv.br/bitstreams/1669266a-b8ce-4ba4-88a4-6f24f8ae5266/download2b9c26ea93f85646194948f91edb09f6MD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
title Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
spellingShingle Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
Costa, Carlos Eugênio da
Creative destruction
Research spillovers
Progressive taxation
Imposto de renda - Estados Unidos
Desenvolvimento econômico
Eficiência governamental - Estudo de casos
title_short Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
title_full Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
title_fullStr Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
title_full_unstemmed Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
title_sort Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
author Costa, Carlos Eugênio da
author_facet Costa, Carlos Eugênio da
Rodrigues, Artur
author_role author
author2 Rodrigues, Artur
author2_role author
dc.contributor.unidadefgv.none.fl_str_mv Escolas::EPGE
dc.contributor.author.fl_str_mv Costa, Carlos Eugênio da
Rodrigues, Artur
dc.subject.eng.fl_str_mv Creative destruction
Research spillovers
Progressive taxation
topic Creative destruction
Research spillovers
Progressive taxation
Imposto de renda - Estados Unidos
Desenvolvimento econômico
Eficiência governamental - Estudo de casos
dc.subject.bibliodata.por.fl_str_mv Imposto de renda - Estados Unidos
Desenvolvimento econômico
Eficiência governamental - Estudo de casos
description We revisit the efficiency-equity trade-off of optimal tax theory by emphasizing the consequences of increased progressivity on growth. We use an endogenous growth framework that considers both the decision to become a researcher and the effort established entrepreneurs make to improve their products. We find that the optimal level or progressivity is lower than the current one but that welfare gains are moderate – CEV ≈ 0.5%. However, if one disregards the growth impact one would prescribe a substantially higher level of progressivity at significant welfare cost – CEV ≈ −9%.
publishDate 2024
dc.date.accessioned.fl_str_mv 2024-02-07T17:03:15Z
dc.date.available.fl_str_mv 2024-02-07T17:03:15Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/34838
url https://hdl.handle.net/10438/34838
dc.language.iso.fl_str_mv eng
language eng
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