Optimal labor income taxation with the dividend effect
在股息无法被征收的Mirrlees框架下，研究发现股息的不平等分配会对劳动所得税产生正向效应，数值模拟显示该效应约为4个百分点。
Abstract The unequal distribution of dividends implies the unequal distribution of the profit share of workers’ product of labor. In a Mirrleesian framework when dividends cannot be expropriated, we show that a progressive distribution of dividends creates a positive dividend effect on labor income taxes. Our numerical simulations show the dividend effect to be approximately four percentage points. We analyze the dividend effect under different market structures and its interplay with other forms of taxation.