Capital income Taxes with heterogeneous discount rates

American Economic Journal: Economic Policy

Volumn 3, Issue 4, 2011, Pages 52-76

  Diamond, Peter ^a   Spinnewijn, Johannes ^b  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 81855205869     PISSN: 19457731     EISSN: 1945774X     Source Type: Journal    
DOI: 10.1257/pol.3.4.52     Document Type: Article

References (26)

1. Atkinson, Anthony B., and Joseph E. Stiglitz. 1976. "The Design of Tax Structure: Direct Versus Indirect Taxation." Journal of Public Economics, 6(1-2): 55-75.
2. Banks, James, and Peter Diamond. 2010. "The Base for Direct Taxation." In Dimensions of Tax Design: The Mirrlees Review, ed. Institute for Fiscal Studies, 548-648. Oxford, UK: Oxford University Press.
3. Blomquist, Sören, and Vidar Christiansen. 2008. "Taxation and Heterogeneous Preferences." FinanzArchiv, 64(2): 218-44.
4. Boadway, Robin, Maurice Marchand, Pierre Pestieau, and María del Mar Racionero. 2002. "Optimal Redistribution with Heterogeneous Preferences for Leisure." Journal of Public Economic Theory, 4(4): 475-98.
5. Chabris, Christopher F., David Laibson, Carrie L. Morris, Jonathon P. Schuldt, and Dmitry Taubinsky. 2008. "Individual Laboratory-Measured Discount Rates Predict Field Behavior." Journal of Risk and Uncertainty, 37(2-3): 237-69.
6. Cremer, Helmuth, and Firouz Gahvari. 1998. "On Optimal Taxation of Housing." Journal of Urban Economics, 43(3): 315-35.
7. Cremer, Helmuth, and Firouz Gahvari. 2002. "Nonlinear Pricing, Redistribution, and Optimal Tax Policy." Journal of Public Economic Theory, 4(2): 139-61.
8. Cuff, Katherine. 2000. "Optimality of Workfare with Heterogeneous Preferences." Canadian Journal of Economics, 33(1): 149-74.
9. Diamond, Peter A. 2003. Taxation, Incomplete Markets, and Social Security: The 2000 Munich Lectures in Economics. Cambridge, MA: MIT Press.
10. Diamond, Peter, and Johannes Spinnewijn. 2011. "Capital Income Taxes with Heterogeneous Discount Rates: Dataset." American Economic Journal: Economic Policy. http://www.aeaweb.org/articles.php?doi=10.1257/pol.3.4.52.
11. Diamond, Peter. 2006. "Optimal Tax Treatment of Private Contributions for Public Goods with and without Warm Glow Preferences." Journal of Public Economics, 90(4-5): 897-919.
12. Dynan, Karen E., Jonathan Skinner, and Stephen P. Zeldes. 2004. "Do the Rich Save More?" Journal of Political Economy, 112(2): 397-444.
13. Golosov, Mikhail, Maxim Troshkin, Aleh Tsyvinski, and Matthew C. Weinzierl. 2010. "Preference Heterogeneity and Optimal Capital Income Taxation." National Bureau of Economic Research Working Paper 16619.
14. Gordon, Roger H. 2004. "Taxation of Interest Income." International Tax and Public Finance, 11(1): 5-15.
15. Gordon, Roger H., and Wojciech Kopczuk. 2010. "The Choice of the Personal Income Tax Base." http://www.columbia.edu/̃wk2110/bin/choiceBase.pdf.
16. Kaplow, Louis. 2008a. The Theory of Taxation and Public Economics. Princeton: Princeton University Press.
17. Kaplow, Louis. 2008b. "Optimal Policy with Heterogeneous Preferences." B.E. Journal of Economic Analysis and Policy: Advances in Economic Analysis and Policy, 8(1): Article 40.
18. Kocherlakota, Narayana R. 2005. "Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation." Econometrica, 73(5): 1587-1621.
19. Mirrlees, James A. 1971. "An Exploration in the Theory of Optimum Income Taxation." Review of Economic Studies, 38(114): 175-208.
20. Saez, Emmanuel. 1999. "A Characterization of the Income Tax Schedule Minimizing Deadweight Burden." Unpublished.
21. Saez, Emmanuel. 2002. "The Desirability of Commodity Taxation under Non-linear Income Taxation and Heterogeneous Tastes." Journal of Public Economics, 83(2): 217-30.
22. Sandmo, Agnar. 1993. "Optimal Redistribution When Tastes Differ." FinanzArchiv, 50(2): 149-63.
23. Tarkiainen, Ritva, and Matti Tuomala. 2007. "On Optimal Income Taxation with Heterogeneous Work Preferences." International Journal of Economic Theory, 3(1): 35-46.
24. Tenhunen, Sanna, and Matti Tuomala. 2010. "On Optimal Lifetime Redistribution Policy." Journal of Public Economic Theory, 12(1): 171-98.
25. Weinzierl, Matthew. 2009. "Incorporating Preference Heterogeneity into Optimal Tax Models: De Gustibus non est Taxandum." http://www.people.hbs.edu/mweinzierl/paper/PreferenceHeterogeneity_OptimalTax.pdf.
26. Werning, Iván. 2011. "Nonlinear Capital Taxation." Unpublished. http://dl.dropbox.com/u/125966/implimentation.pdf.