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The optimality of tax transfers [electronic resource] : what does life satisfaction data tell us? / Paul Frijters, David W. Johnston, Michael A. Shields
Bib ID 6100753
Format BookBook, OnlineOnline
Author
Frijters, Paul
 
Online Access
Online Versions
Description Brisbane, Qld. : School of Economics, University of Queensland, 2012 
Series

Discussion paper (University of Queensland. School of Economics : Online) ; 450. 1833-1068

PANDORA electronic collection.

Technical Details

Mode of access: Online. Address as at 17/09/2012: http://www.uq.edu.au/economics/450-the-optimality-of-tax-transfers-what-does-life-satisfaction-data-tell-us 

System requirements: Adobe Acrobat reader to read PDF file. 

Summary

This paper addresses an important policy question: who gets the largest utility gain from income and does the tax system adequately reflect this? We address this question by using Australian panel data and taking life satisfaction as a proxy for utility, allowing us to identify the marginal utility of additional income for different groups of individuals. We find that optimal transfers consist of transfers from the old to the middle aged, and from the married to the unmarried. This optimal utilitarian welfare policy is then contrasted with information on who actually receives transfers and who pays for them in Australia, where we find that taxes are too high for some groups, like the young, and that they are too low for other groups, like the elderly. We believe that the methodology developed in this paper could be fruitfully applied to the issue of optimal taxation in other countries.

Notes

Title from title screen (viewed on Sept. 17, 2012)

Includes bibliographical references (p. 13-14)

Text and graphics.

Selected for archiving

Subjects Taxation -- Australia -- Econometric models.  |  Quality of life -- Australia.  |  Household surveys -- Australia.  |  Australian
Other authors/contributors Johnston, David W  |  Shields, Michael A  |  University of Queensland. School of Economics
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100 1 |aFrijters, Paul.
245 1 4 |aThe optimality of tax transfers|h[electronic resource] :|bwhat does life satisfaction data tell us? /|cPaul Frijters, David W. Johnston, Michael A. Shields.
260 |aBrisbane, Qld. :|bSchool of Economics, University of Queensland,|c2012.
490 1 |aSchool of Economics discussion paper ;|vno. 450
500 |aTitle from title screen (viewed on Sept. 17, 2012)
504 |aIncludes bibliographical references (p. 13-14)
516 |aText and graphics.
520 3 |aThis paper addresses an important policy question: who gets the largest utility gain from income and does the tax system adequately reflect this? We address this question by using Australian panel data and taking life satisfaction as a proxy for utility, allowing us to identify the marginal utility of additional income for different groups of individuals. We find that optimal transfers consist of transfers from the old to the middle aged, and from the married to the unmarried. This optimal utilitarian welfare policy is then contrasted with information on who actually receives transfers and who pays for them in Australia, where we find that taxes are too high for some groups, like the young, and that they are too low for other groups, like the elderly. We believe that the methodology developed in this paper could be fruitfully applied to the issue of optimal taxation in other countries.
538 |aMode of access: Online. Address as at 17/09/2012:|uhttp://www.uq.edu.au/economics/450-the-optimality-of-tax-transfers-what-does-life-satisfaction-data-tell-us
538 |aSystem requirements: Adobe Acrobat reader to read PDF file.
583 |aSelected for archiving|5ANL
650 0 |aTaxation|zAustralia|xEconometric models.
650 0 |aQuality of life|zAustralia.
650 0 |aHousehold surveys|zAustralia.
653 |aAustralian
700 1 |aJohnston, David W.
700 1 |aShields, Michael A.
710 2 |aUniversity of Queensland.|bSchool of Economics.
830 0 |aDiscussion paper (University of Queensland. School of Economics : Online) ;|v450.|x1833-1068
830 0 |aPANDORA electronic collection.
856 4 0 |zPublisher's site|uhttp://www.uq.edu.au/economics/450-the-optimality-of-tax-transfers-what-does-life-satisfaction-data-tell-us
856 4 1 |zArchived at ANL|uhttp://nla.gov.au/nla.arc-53288
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