The MCPF under the pandemic
The MCPF under the pandemic
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疫情下的MCPF
DOI:
10.1111/jpet.12593
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发表时间:
2022
影响因子:
1.1
通讯作者:
Morita Shigeo
中科院分区:
文献类型:
--
作者:
Ida Daisuke;Okano Mitsuhiro;Nguyen Giang;殷テイ;関根 篤史;張テイテイ;Morita Shigeo
This study examines the marginal cost of public funds (MCPF) to assess the optimality of preventive governmental expenditure based on the optimal nonlinear income taxation with preventive behaviors by both individuals and the government. We show that the optimal condition with respect to preventive government expenditure consists of two parts. One part reflects how the trade‐off between preventive expenditure and consumption should deviate from the laissez faire for high‐skilled and low‐skilled individuals, which is interpreted as the Pigou effect. The other part measures how mimickers benefit from preventive government expenditure, which is called the genetic effect. Whether the MCPF is greater than 1 or not depends on the relative magnitude of the Pigou effect and the genetic effect. Moreover, we examine the MCPF if the government cannot commit to a certain policy and if the types of individuals are completely separated and show that the Pigou effect should be modified.
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影响因子:
1.1
作者:
Shigeo Morita;Takuya Obara
通讯作者:
Takuya Obara
影响因子:
1.1
作者:
C. Brett;J. Weymark
通讯作者:
J. Weymark
影响因子:
1.1
作者:
Shigeo Morita
通讯作者:
Shigeo Morita
影响因子:
9.8
作者:
Alan J. Krause
通讯作者:
Alan J. Krause
DOI:
--
发表时间:
2021
期刊:
Education at a Glance
影响因子:
--
作者:
Y. Birnbaum;S. Sclarovsky,;A. Blum;A. Mager;Uri Gabbay
通讯作者:
Uri Gabbay