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Optimal Redistribution with a Shadow Economy

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dc.contributor.eventThe Economics of Informality Conference 2018spa
dc.creatorDoligalski, Pawel
dc.creatorRojas, Luis E.
dc.date.accessioned2018-08-03T14:12:38Z
dc.date.available2018-08-03T14:12:38Z
dc.date.created2018-05-28
dc.date.issued2018
dc.description.abstractWe extend the theory of the optimal redistributive taxation to economies with an informal labor market. The optimal tax formula contains two new terms capturing reported income responses of informal workers on an intensive and an extensive margin. Both terms decrease the optimal tax rates. We quantitatively show that this reduction can be substantial, exceeding 30 percentage points, and we document a large welfare gain of up to 6.4% of consumption from following our tax formula rather than the standard formula. We also provide a novel decomposition of the welfare impact of the shadow economy into labor eficiency and redistribution components. In the quantitative model estimated with Colombian data the shadow economy benefi ts efficiency at the expense of redistribution. As a result, conditional on the optimal tax policy, the presence of the informal sector does not substantially affect social welfare unless social preferences for redistribution are strong.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.48713/10336_18245
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/18245
dc.language.isoeng
dc.publisher.otherUniversidad del Rosario. Facultad de Economíaspa
dc.rightsAtribución-NoComercial-CompartirIgual 2.5 Colombiaspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/2.5/co/
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subjectProductividadspa
dc.subjectMercadospa
dc.subject.ddcProducción
dc.subject.keywordProductivityeng
dc.subject.keywordMarketeng
dc.subject.lembProducción (Teoría económica)spa
dc.subject.lembCongresos, conferencias, etc.spa
dc.titleOptimal Redistribution with a Shadow Economyspa
dc.typeconferenceObjecteng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaDocumento de conferenciaspa
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The Economics of Informality Conference 2018