Standard Optimal Taxation with Single Agents: What It Is and What to Use in Its Place

Alessandro Balestrino

Chapter Chapter 1 in The Economics of Family Taxation, 2023, pp 1-14 from Springer

Abstract: Abstract This chapter purports to accomplish two objectives: first, to give a brief summary of how optimal tax theory works when applied to a world with individual agents whose time allocation choices are limited to labour and leisure, and, second, to illustrate why it is better not to use this variant, but rather focus on a more general approach where (i) economic agents are households, and (ii) there are multiple uses of time—an approach of which the standard setup would indeed be a special case. From a pedagogical viewpoint, the analysis of such a standard setup would however retain its value as a benchmark against which to appreciate the strength of the wider approach with multi-agent economic subjects and fully modelled time allocation; it is in this spirit that we will proceed in what follow.

Date: 2023
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DOI: 10.1007/978-3-031-28170-9_1

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