Reassessing the efficiency-equity trade-off: progressivity’s impact on growth
Autor(a) principal: | |
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Data de Publicação: | 2024 |
Outros Autores: | |
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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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 |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/10438/34838 |
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https://hdl.handle.net/10438/34838 |
dc.language.iso.fl_str_mv |
eng |
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eng |
dc.relation.ispartofseries.none.fl_str_mv |
Ensaios Econômicos; 839 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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