Jim Y. Jin
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View article: Preferences for Consumption and Leisure Across Countries
Preferences for Consumption and Leisure Across Countries Open
Worktimes differ across countries and over time. The economics literature usually explains these differences by financial incentives such as wages and taxes, assuming identical and constant preference for leisure versus consumption. Non‐ec…
View article: Gains From Trade in an Asymmetric Cournot World With Trade Costs
Gains From Trade in an Asymmetric Cournot World With Trade Costs Open
We compare free trade with autarky in a partial equilibrium model with asymmetric Cournot competition and linear demand and costs. While the existing literature can only guarantee under strong symmetry without trade costs that trade increa…
View article: A modest basic income can benefit a poor majority
A modest basic income can benefit a poor majority Open
View article: Equal tax and equal compensation: A fair and efficient way to save climate
Equal tax and equal compensation: A fair and efficient way to save climate Open
View article: Less work and higher tax can raise wellbeing
Less work and higher tax can raise wellbeing Open
Worktime has been falling slowly though real wages have risen dramatically. We show that in a general equilibrium model with CES utility and production functions, worktime falls with real wages if and only if the elasticity of substitution…
View article: Equal Tax and Equal Compensation: A Fair and Efficient Way to Save Climate
Equal Tax and Equal Compensation: A Fair and Efficient Way to Save Climate Open
An international agreement is essential for saving our climate but has not been reached due to disagreements between developed and developing countries. We propose a global GHG tax combined with equal compensation to everyone. It follows f…
View article: Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality
Higher tax and less work: reverse “Keep up with the Joneses” and rising inequality Open
View article: Oligopoly Equilibria without Strategic Interaction
Oligopoly Equilibria without Strategic Interaction Open
View article: Some Welfare Economics of Working Time
Some Welfare Economics of Working Time Open
View article: Reforming Tax and Welfare: Social Justice and Recovery after the Pandemic
Reforming Tax and Welfare: Social Justice and Recovery after the Pandemic Open
Capital income subsidies, and reliance on indirect consumption taxes have created an increasingly regressive overall tax system in the UK, US and elsewhere, with proportionately much greater impact on the poor than on the rich, and welfare…
View article: Higher Tax and Less Work: An Optimal Response to Relative Income Concern
Higher Tax and Less Work: An Optimal Response to Relative Income Concern Open
There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply – 'keeping up with the Joneses' (KUJ), while increasing use of social media and growing inequality encourage comparison. Models with …
View article: Higher Tax and Less Work: An Optimal Response to Relative Income Concern
Higher Tax and Less Work: An Optimal Response to Relative Income Concern Open
View article: Basic income and a public job offer: complementary policies to reduce poverty and unemployment
Basic income and a public job offer: complementary policies to reduce poverty and unemployment Open
Unconditional basic income, or a public-sector job guarantee, are usually discussed as alternative policies, though the first does not provide the benefits of an earned income and a good job to the ‘precariat’ and under-employed, while the…
View article: Higher Tax for Top Earners
Higher Tax for Top Earners Open
The literature can justify both increasing and decreasing marginal taxes (IMT & DMT) on top incomes under different welfare objectives and income distributions. Even when DMT are theoretically optimal, they are often politically infeasible…
View article: Impact of risk aversion and countervailing tax in oligopoly
Impact of risk aversion and countervailing tax in oligopoly Open