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Status-seeking, income taxation and efficiency
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UNSPECIFIED (1998) Status-seeking, income taxation and efficiency. In: International Seminar on Public Economics, BONN, GERMANY, DEC 12-14, 1996. Published in: JOURNAL OF PUBLIC ECONOMICS, 70 (1). pp. 99-113. ISSN 0047-2727.
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Abstract
It is well-known that status-seeking produces distortions in consumption. Competition to achieve status leads to over-consumption of those goods which confer status. It has been found that taxing such goods may even lead to Pareto improvements. In this paper we extend a model of status, which relies on a signalling equilibrium approach, to include the individual labour supply decision and an income tax. We show that a Pareto-improving income tax can exist even with the simplest tax/benefit scheme. A number of results follow. The model is extended to a two-period analysis, to accommodate the reputation-building element of status achievement, without altering the conclusions. (C) 1998 Elsevier Science S.A. All rights reserved.
Item Type: | Conference Item (UNSPECIFIED) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS | ||||
Publisher: | ELSEVIER SCIENCE SA | ||||
ISSN: | 0047-2727 | ||||
Official Date: | October 1998 | ||||
Dates: |
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Volume: | 70 | ||||
Number: | 1 | ||||
Number of Pages: | 15 | ||||
Page Range: | pp. 99-113 | ||||
Publication Status: | Published | ||||
Title of Event: | International Seminar on Public Economics | ||||
Location of Event: | BONN, GERMANY | ||||
Date(s) of Event: | DEC 12-14, 1996 |
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