AI, automation and taxation

Spencer Bastani and Daniel Waldenström

Chapter 19 in Handbook on Labour Markets in Transition, 2024, pp 354-370 from Edward Elgar Publishing

Abstract: This chapter examines the implications of Artificial Intelligence (AI) and automation for the taxation of labor and capital in advanced economies. It synthesizes empirical evidence on worker displacement, productivity, and income inequality, as well as theoretical frameworks for optimal taxation. Implications for tax policy are discussed, focusing on the level of capital taxes and the progressivity of labor taxes. While there may be a need to adjust the level of capital taxes and the structure of labor income taxation, there are potential drawbacks of overly progressive taxation and universal basic income schemes that could undermine work incentives, economic growth, and long-term household welfare.

Keywords: Economics and Finance; Sociology and Social Policy (search for similar items in EconPapers)
Date: 2024
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Related works:
Working Paper: AI, Automation and Taxation (2024)
Working Paper: AI, Automation and Taxation (2024)
Working Paper: AI, Automation, and Taxation (2024)
Working Paper: AI, Automation and Taxation (2024)
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