dc.contributor.author
Guerreiro, Joao
dc.contributor.author
Rebelo, Sergio
dc.contributor.author
Teles, Pedro
dc.identifier
https://ddd.uab.cat/record/196778
dc.identifier
urn:oai:ddd.uab.cat:196778
dc.description.abstract
We use a model of automation to show that with the current U.S. tax system, a fall in automation costs could lead to a massive rise in income inequality. This inequality can be reduced by raising marginal income tax rates and taxing robots. But this solution involves a substantial efficiency loss for the reduced level of inequality. A Mirrleesian optimal income tax can reduce inequality at a smaller efficiency cost, but is difficult to implement. An alternative approach is to amend the current tax system to include a lump-sum rebate. In our model, with the rebate in place, it is optimal to tax robots only when there is partial automation.
dc.description.abstract
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
dc.format
application/pdf
dc.relation
European Commission 649396
dc.relation
Barcelona Graduate School of Economics. ADEMU working paper series ;
dc.rights
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
dc.rights
https://creativecommons.org/licenses/by/4.0/
dc.subject
Optimal taxation
dc.title
Should robots be taxed?
