In a model where agents have unequal production skills and different preferences, we build social welfare functions which rely only on ordinal non-comparable information on individual preferences. Social welfare functions are required to satisfy properties of compensation for inequalities in skills, and responsability for preferences. Then, assuminh skills and preferences are unobservable, we use these social welfare functions to design optimal income tax schemes. We obtain ethical foundations for, among others, a maximized minimal income, a zero marginal tax rate for low incomes, and increasing marginal tax rates.
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Paper provided by Universite catholique de Louvain - Center for Operations Research and Economics (CORE) in its series Papers with number
9865.
Length: 26 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:louvco:9865
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Find related papers by JEL classification: H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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