Education, preferences for leisure, and the optimal income tax schedule
Autor(a) principal: | |
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Data de Publicação: | 2006 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | https://hdl.handle.net/10438/81 |
Resumo: | Recent advances in dynamic Mirrlees economies have incorporated the treatment of human capital investments as an important dimension of government policy. This paper adds to this literature by considering a two period economy where agents are di erentiated by their preferences for leisure and their productivity, both private information. The fact that productivity is only learnt later in an agent's life introduces uncertainty to agent's savings and human capital choices and makes optimal the use of multi-period tie-ins in the mechanism that characterizes the government policy. We show that optimal policies are often interim ine cient and that the introduction of these ine ciencies may take the form of marginal tax rates on labor income of varying sign and educational policies that include the discouragement of human capital acquisition. With regards to implementation, state-dependent linear taxes implement optimal savings, while human capital policies may require labor income taxes that depend directly on agents' schooling. |
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Severo, Tiago PedrosoEscolas::EPGEFGVBraido, Luís Henrique BertolinoAssunção, Juliano JunqueiraCosta, Carlos Eugênio Ellery Lustosa da2008-05-13T13:16:13Z2008-05-13T13:16:13Z2006-05-10SEVERO, Tiago Pedroso. Education, preferences for leisure, and the optimal income tax schedule. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2006.https://hdl.handle.net/10438/81Recent advances in dynamic Mirrlees economies have incorporated the treatment of human capital investments as an important dimension of government policy. This paper adds to this literature by considering a two period economy where agents are di erentiated by their preferences for leisure and their productivity, both private information. The fact that productivity is only learnt later in an agent's life introduces uncertainty to agent's savings and human capital choices and makes optimal the use of multi-period tie-ins in the mechanism that characterizes the government policy. We show that optimal policies are often interim ine cient and that the introduction of these ine ciencies may take the form of marginal tax rates on labor income of varying sign and educational policies that include the discouragement of human capital acquisition. With regards to implementation, state-dependent linear taxes implement optimal savings, while human capital policies may require labor income taxes that depend directly on agents' schooling.engTodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveis.info:eu-repo/semantics/openAccessIncome taxationEducational policyDynamic screeningEconomiaImposto de rendaEducação e EstadoEducation, preferences for leisure, and the optimal income tax scheduleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALPDFPDFapplication/pdf562795https://repositorio.fgv.br/bitstreams/b25f9a29-485e-4e30-b8a6-0a5e6b579935/downloadef4eff0a3f320845b29fa74b222300caMD51TEXTSeveroTiago.pdf.txtSeveroTiago.pdf.txtExtracted Texttext/plain83020https://repositorio.fgv.br/bitstreams/6f63097c-2810-422d-bd1e-15f72205f7aa/download101118ce70094adcb21f42884ce0ae04MD52PDF.txtPDF.txtExtracted texttext/plain84318https://repositorio.fgv.br/bitstreams/77cc7c45-3a4d-46ad-a0a7-fb77cfff7619/download8ddc6862974f91661010cd46626dcdd6MD54THUMBNAILSeveroTiago.pdf.jpgSeveroTiago.pdf.jpgGenerated Thumbnailimage/jpeg1536https://repositorio.fgv.br/bitstreams/16a568f9-c7d9-44d9-9a0e-5818110a92c8/download6d80f47a60cc6b457e38e0cd60d01678MD53PDF.jpgPDF.jpgGenerated Thumbnailimage/jpeg2596https://repositorio.fgv.br/bitstreams/c716a325-fe57-4bcd-bfd9-0b749f4b2dd7/download8af45d6e4f6288681c88d2531d761a5bMD5510438/812024-07-08 18:32:28.474open.accessoai:repositorio.fgv.br:10438/81https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742024-07-08T18:32:28Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Education, preferences for leisure, and the optimal income tax schedule |
title |
Education, preferences for leisure, and the optimal income tax schedule |
spellingShingle |
Education, preferences for leisure, and the optimal income tax schedule Severo, Tiago Pedroso Income taxation Educational policy Dynamic screening Economia Imposto de renda Educação e Estado |
title_short |
Education, preferences for leisure, and the optimal income tax schedule |
title_full |
Education, preferences for leisure, and the optimal income tax schedule |
title_fullStr |
Education, preferences for leisure, and the optimal income tax schedule |
title_full_unstemmed |
Education, preferences for leisure, and the optimal income tax schedule |
title_sort |
Education, preferences for leisure, and the optimal income tax schedule |
author |
Severo, Tiago Pedroso |
author_facet |
Severo, Tiago Pedroso |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.member.none.fl_str_mv |
Braido, Luís Henrique Bertolino Assunção, Juliano Junqueira |
dc.contributor.author.fl_str_mv |
Severo, Tiago Pedroso |
dc.contributor.advisor1.fl_str_mv |
Costa, Carlos Eugênio Ellery Lustosa da |
contributor_str_mv |
Costa, Carlos Eugênio Ellery Lustosa da |
dc.subject.eng.fl_str_mv |
Income taxation Educational policy Dynamic screening |
topic |
Income taxation Educational policy Dynamic screening Economia Imposto de renda Educação e Estado |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Imposto de renda Educação e Estado |
description |
Recent advances in dynamic Mirrlees economies have incorporated the treatment of human capital investments as an important dimension of government policy. This paper adds to this literature by considering a two period economy where agents are di erentiated by their preferences for leisure and their productivity, both private information. The fact that productivity is only learnt later in an agent's life introduces uncertainty to agent's savings and human capital choices and makes optimal the use of multi-period tie-ins in the mechanism that characterizes the government policy. We show that optimal policies are often interim ine cient and that the introduction of these ine ciencies may take the form of marginal tax rates on labor income of varying sign and educational policies that include the discouragement of human capital acquisition. With regards to implementation, state-dependent linear taxes implement optimal savings, while human capital policies may require labor income taxes that depend directly on agents' schooling. |
publishDate |
2006 |
dc.date.issued.fl_str_mv |
2006-05-10 |
dc.date.accessioned.fl_str_mv |
2008-05-13T13:16:13Z |
dc.date.available.fl_str_mv |
2008-05-13T13:16:13Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.citation.fl_str_mv |
SEVERO, Tiago Pedroso. Education, preferences for leisure, and the optimal income tax schedule. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2006. |
dc.identifier.uri.fl_str_mv |
https://hdl.handle.net/10438/81 |
identifier_str_mv |
SEVERO, Tiago Pedroso. Education, preferences for leisure, and the optimal income tax schedule. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2006. |
url |
https://hdl.handle.net/10438/81 |
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eng |
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eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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