A case for maximum wage

Tomer Blumkin; Efraim Sadka; Yotam Shem-Tov

doi:10.1016/j.econlet.2013.05.004

A case for maximum wage

Tomer Blumkin, Efraim Sadka, Yotam Shem-Tov

Department of Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

In this paper we demonstrate that supplementing the optimal non-linear income tax system with a binding maximum wage rule attains a Pareto improvement, by serving to mitigate the mimicking incentives of the high-skill individuals without entailing distortions.

Original language	English
Pages (from-to)	374-378
Number of pages	5
Journal	Economics Letters
Volume	120
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2013.05.004
State	Published - 1 Sep 2013

Keywords

Maximum wage
Optimal income tax
Redistribution

ASJC Scopus subject areas

Finance
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2013.05.004

Cite this

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title = "A case for maximum wage",

abstract = "In this paper we demonstrate that supplementing the optimal non-linear income tax system with a binding maximum wage rule attains a Pareto improvement, by serving to mitigate the mimicking incentives of the high-skill individuals without entailing distortions.",

keywords = "Maximum wage, Optimal income tax, Redistribution",

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T1 - A case for maximum wage

AU - Blumkin, Tomer

AU - Sadka, Efraim

AU - Shem-Tov, Yotam

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N2 - In this paper we demonstrate that supplementing the optimal non-linear income tax system with a binding maximum wage rule attains a Pareto improvement, by serving to mitigate the mimicking incentives of the high-skill individuals without entailing distortions.

AB - In this paper we demonstrate that supplementing the optimal non-linear income tax system with a binding maximum wage rule attains a Pareto improvement, by serving to mitigate the mimicking incentives of the high-skill individuals without entailing distortions.

KW - Maximum wage

KW - Optimal income tax

KW - Redistribution

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DO - 10.1016/j.econlet.2013.05.004

M3 - Article

AN - SCOPUS:84879131294

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SP - 374

EP - 378

JO - Economics Letters

JF - Economics Letters

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ER -

A case for maximum wage

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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