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Optimal Income Transfer Programs: Intensive versus Extensive Labor Supply Responses

This paper analyzes optimal income transfers for low incomes. Labor supply responses are modeled along the intensive margin (intensity of work on the job) and along the extensive margin (participation into the labor force). When behavioral responses are concentrated along the intensive margin, the o... Full description

Journal Title: The Quarterly journal of economics 2002-08, Vol.117 (3), p.1039-1073
Main Author: Saez, Emmanuel
Format: Electronic Article Electronic Article
Language: English
Subjects:
Analysis
Earned income tax credit
Economic models
Economic theory
Fixed income
Income redistribution
Income tax
Income taxes
Labor force
Labor market
Labor supply
Low income
Marginal tax rate
Negative income taxes
Optimal taxation
Public assistance programs
Studies
Supply and demand
Tax rates
Taxation economics
Unemployment
Publisher: Oxford: MIT Press
ID: ISSN: 0033-5533
Zum Text:
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recordid: cdi_proquest_journals_210978905
title: Optimal Income Transfer Programs: Intensive versus Extensive Labor Supply Responses
format: Article
creator:
  • Saez, Emmanuel
subjects:
  • Analysis
  • Earned income tax credit
  • Economic models
  • Economic theory
  • Fixed income
  • Income redistribution
  • Income tax
  • Income taxes
  • Labor force
  • Labor market
  • Labor supply
  • Low income
  • Marginal tax rate
  • Negative income taxes
  • Optimal taxation
  • Public assistance programs
  • Studies
  • Supply and demand
  • Tax rates
  • Taxation economics
  • Unemployment
ispartof: The Quarterly journal of economics, 2002-08, Vol.117 (3), p.1039-1073
description: This paper analyzes optimal income transfers for low incomes. Labor supply responses are modeled along the intensive margin (intensity of work on the job) and along the extensive margin (participation into the labor force). When behavioral responses are concentrated along the intensive margin, the optimal transfer program is a classical Negative Income Tax program with a substantial guaranteed income support and a large phasing-out tax rate. However, when behavioral responses are concentrated along the extensive margin, the optimal transfer program is similar to the Earned Income Tax Credit with negative marginal tax rates at low income levels and a small guaranteed income. Carefully calibrated numerical simulations are provided.
language: eng
source:
identifier: ISSN: 0033-5533
fulltext: no_fulltext
issn:
  • 0033-5533
  • 1531-4650
url: Link


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descriptionThis paper analyzes optimal income transfers for low incomes. Labor supply responses are modeled along the intensive margin (intensity of work on the job) and along the extensive margin (participation into the labor force). When behavioral responses are concentrated along the intensive margin, the optimal transfer program is a classical Negative Income Tax program with a substantial guaranteed income support and a large phasing-out tax rate. However, when behavioral responses are concentrated along the extensive margin, the optimal transfer program is similar to the Earned Income Tax Credit with negative marginal tax rates at low income levels and a small guaranteed income. Carefully calibrated numerical simulations are provided.
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subjectAnalysis ; Earned income tax credit ; Economic models ; Economic theory ; Fixed income ; Income redistribution ; Income tax ; Income taxes ; Labor force ; Labor market ; Labor supply ; Low income ; Marginal tax rate ; Negative income taxes ; Optimal taxation ; Public assistance programs ; Studies ; Supply and demand ; Tax rates ; Taxation economics ; Unemployment
ispartofThe Quarterly journal of economics, 2002-08, Vol.117 (3), p.1039-1073
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0Copyright 2002 President and Fellows of Harvard College and the Massachusetts Institute of Technology
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descriptionThis paper analyzes optimal income transfers for low incomes. Labor supply responses are modeled along the intensive margin (intensity of work on the job) and along the extensive margin (participation into the labor force). When behavioral responses are concentrated along the intensive margin, the optimal transfer program is a classical Negative Income Tax program with a substantial guaranteed income support and a large phasing-out tax rate. However, when behavioral responses are concentrated along the extensive margin, the optimal transfer program is similar to the Earned Income Tax Credit with negative marginal tax rates at low income levels and a small guaranteed income. Carefully calibrated numerical simulations are provided.
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19Taxation economics
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8Labor force
9Labor market
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12Marginal tax rate
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15Public assistance programs
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17Supply and demand
18Tax rates
19Taxation economics
20Unemployment
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notesI thank Timothy Besley, David Cutler, Peter Diamond, Esther Duflo, Edward Glaeser, Jonathan Gruber, James Heekman, Lawrence Katz, Michael Kremer, John McHale, Bruce Meyer, Thomas Piketty, David Spector, numerous seminar participants, and anonymous referees for helpful comments and discussions.
abstractThis paper analyzes optimal income transfers for low incomes. Labor supply responses are modeled along the intensive margin (intensity of work on the job) and along the extensive margin (participation into the labor force). When behavioral responses are concentrated along the intensive margin, the optimal transfer program is a classical Negative Income Tax program with a substantial guaranteed income support and a large phasing-out tax rate. However, when behavioral responses are concentrated along the extensive margin, the optimal transfer program is similar to the Earned Income Tax Credit with negative marginal tax rates at low income levels and a small guaranteed income. Carefully calibrated numerical simulations are provided.
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