Day 1 - Basic Welfare Economics and Optimal Tax Theory |
Topics:
Fundamental theorems of welfare economics Theory and measurement of deadweight loss Basic optimal commodity tax theory Applications: Uniform versus non-uniform taxationConsumption in different periods Line drawing Notes: Basic Welfare Economics and Optimal Tax Theory |
Day 2 - Optimal Progressivity |
Topics:
Measuring ability to payApplications:
The Kerry income tax rate rollback proposalNotes:
Optimal ProgressivityDay 3 - Incidence and Distribution |
Topics:
Theory of tax incidence Capitalization Tax revenue vs. tax burden Generational accounting Lifetime vs. annual measures Applications: Excise taxesShift to consumption taxation Social security Notes: Incidence and Distribution |
Day 4 - Corporate Income Taxation |
Topics:
Harberger modelApplications:
Impact of various integration proposalsNotes:
Corporate Income TaxationDay 5 - Statistical Evidence and Inference |
Topics:
The relationship of economics "experiments" to controlled experiments Distinguishing causation from correlation Distinguishing timing from permanent behavioral response Applications: Taxable income elasticityNotes: Statistical Evidence and Inference |