| Topics of readings | Author and year |
|---|
| Lump-sum tax definition, equivalence scales, Pigou-Dalton principle of transfers, inequality and poverty measures | |
| Hypothetical compensation test, welfarism conditions, utility measurability/utility, Parteo principles, Kaldor and Hicks tests | |
| Social welfare | |
| Absolute rights | |
| Lorenz curve theorem | |
| Utility-Ability outcomes model for governments with different levels of information | |
| Optimal tax problem and inequality-efficiency tradeoff | |
| Numerical model for optimal METR schedule, flat METR reckoned to be close to optimal | |
| PTR and METR definitions, revenue-maximising rate on top earners | |
| Post-tax/pre-tax diagrams, diminishing marginal utility of income | |
| Tax system from median voting | |
| Uncompensated wage labour supply elasticities empirical study, participation fixed costs | |
| Criticism of use of elasticities | |
| Participation elasticities for lone mothers | |
| Intertemporal elasticity of labour | |
| Optimal taxes for the US, Pareto ability distribution | |
| Optimal METR schedule with lognormal ability distribution | |
| | Topics of readings | Author and year |
|---|
| Commodity tax rule | |
| Version of Ramsey rule for one person/many people | |
| Relation of tax to complementarity with leisure | |
| Rejection of weak separability of commodities and leisure | |
| Ramsey rule suggests uniform taxation with quasi-separable leisure and goods | |
| Unnecessary differential commodity taxation with optimal income tax | |
| Application of previous result to capital taxation | |
| Deadweight loss minimisation, Diamond-Mirrlees production efficiency lemma, equilibration of marginal revenue benefits | |
| UK VAT history and detail, practical costs to differential commodity tax, empirical complementarities with leisure, excise taxes | |
| Income and commodity tax mix | |
| 2-period overlapping generations model | |
| 2-generation production economy with golden rule capital accumulation | |
| Dynastic economy with Richardian equivalence | |
| Social insurance, causes of inequality, poverty and equality inefficiencies, horizontal and vertical equity, redistributive pensions, poverty relief and targeting | |
| Pension objectives, PAYG and fully-funded types, irrelevance of type with demographics problem | |
| Myopia reason for compulsory pension, political basis of PAYG introduction, UK pension reforms | |
|
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