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Veblens Theory of the Leisure Class Revisited: Implications for Optimal Income Taxation
(2010-08)
Almost all previous studies on public policy under relative consumption concerns have ignored the role of leisure for status comparisons. Inspired by Veblen (1899), this paper considers a two-type optimal income tax model, ...
Inequality Aversion and Marginal Income Taxation
(2016-10)
This paper deals with tax policy responses to inequality aversion by examining the first-best
Pareto-efficient marginal tax structure when people are inequality averse. In doing so, we
distinguish between four different ...
Paternalism against Veblen: Optimal Taxation and Non-Respected Preferences for Social Comparisons
(2014-11)
This paper deals with optimal income taxation and relative consumption under a welfarist government that fully respects people’s preferences and a paternalist government that does not share the consumer preference for ...
When Samuelson met Veblen abroad: National and global public good provision when social comparisons matter
(2012-09)
This paper derives Pareto efficient policy rules for the provision of national as well as global public goods in a two-country world, where each individual cares about relative consumption within as well as between countries. ...
Charity, Status, and Optimal Taxation: Welfarist and Paternalist Approaches
(2019-04)
This paper deals with tax policy responses to charitable giving, defined in terms of voluntary contributions to a public good, to which the government also contributes through public revenue; the set of tax instruments ...
Keeping up with the Joneses, the Smiths and the Tanakas: On International Tax Coordination and Social Comparisons
(2015-05)
Much evidence suggests that between-country social comparisons have become more important over time due to globalization. This paper analyzes optimal income taxation in a multi-country economy, where consumers derive utility ...
Redistribution through Charity and Optimal Taxation when People are Concerned with Social Status
(2016-01)
This paper deals with tax policy responses to charitable giving based on a model of optimal
redistributive income taxation. The major contribution is the simultaneous treatment of (i)
warm-glow and stigma effects of ...
State-Variable Public Goods and Social Comparisons over Time
(2013-02)
The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses ...
Social Comparisons and Optimal Taxation in a Small Open Economy
(2016-05)
Almost all previous studies on optimal taxation and status consumption are based on closed
model-economies. This paper analyzes how international capital mobility – which may
constrain the use of capital income taxation ...
Genuine Saving and Conspicuous Consumption
(2016-01)
Much evidence suggests that people are concerned with their relative consumption, i.e., their own consumption relative to that of others. Yet, conspicuous consumption and the
corresponding social costs have so far been ...