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- Title
MORE ON RAWLSIAN OPTIMAL INCOME TAXATION: A COMPLEMENTARY NOTE ON E. S. PHELPS'S 'TAXATION OF WAGE INCOME FOR ECONOMIC JUSTICE'.
- Authors
Ogura, Seiritsu
- Abstract
This article focuses on a study which provided a mathematical analysis of the Rawlsian optimal taxation by applying control theory to the education incentive model. Having analyzed the basic characteristics of Rawlsian optimal tax- revenue-maximizing policy, let us compare them with those of other optimal schemes. As long as we accept the basic assumption that the income tax rate affects the vocational and educational choice of individuals in the long run, our simple model seems to suggest the necessity of reconsidering the progression on higher incomes on the grounds of revenue-raising efficiency, efficiency being measured by the amount of money collected by a particular taxation scheme.
- Subjects
CONTROL theory (Engineering); TAXATION; TAX rates; INCOME; EDUCATION; REVENUE
- Publication
Quarterly Journal of Economics, 1977, Vol 91, Issue 2, p337
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1885421