Robin Boadway
Biographic Data
| ID | 975474 |
|---|---|
| NAME | Robin Boadway |
| GIVEN NAMES | Robin |
| FAMILY NAME | Boadway |
| SIGNATURE | BOADWAY R |
| AFFILIATIONS | Queen's University |
| ORCID | 0000-0002-6135-0763 |
| VERIFIED | Yes |
| TOTAL WORKS | 22 |
| TOTAL CITATIONS | 25 |
| AUTHOR COUNT | 22 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1975 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 3 |
A Tax Reform Approach to Commodity Taxation with Families
We show that the optimality of uniform commodity taxation applies in a family setting when individuals live in two-adult families and take some decisions collectively. Allowing for household decisions to include intra-family redistribution, family production and public goods, uniform commodity taxation Pareto dominates differential commodity tax-ation when preferences are weakly separable and quasi-homothetic in goods and individual income taxati…
An Annual Wealth Tax: Pros and Cons
We explore the case for a wealth tax as part of the tax mix. Annual wealth taxes are roughly equivalent to capital income taxes on the assets to which they apply. Wealth taxes differ in purpose from inheritance taxes which are useful adjuncts to income taxes. We recount the arguments for taxing capital income, and for taxing inheritances regardless of whether capital income is taxed. We argue that if the desire to tax asset income and wealth tran…
Natural Resource Extraction in a Federation
We analyze a natural resource extraction problem in a two-region economy with mobile labour. One region produces manufacturing goods while the other produces agriculture and extracts a non-renewable resource. Manufacturing production exhibits increasing returns-to-scale if the production level is sufficiently high. There are multiple long-run equilibrium labour allocations towards which the economy may converge. Under decentralized resource manag…
Can Self-Financing Redeem the Basic Income Guarantee? Disincentives, Efficiency Costs, Tax Burdens, and Attitudes: A Rejoinder
We respond to concerns raised by Kesselman (2018) about our illustrative proposal on how to finance and implement a basic income guarantee (BIG) in Canada (Boadway, Cuff, and Koebel forthcoming). We demonstrate how our proposal could be adjusted to mitigate Kesselman’s main concern of high marginal effective tax rates (METRs) and argue that the incentive effects, redistribution consequences, and public opposition are not as detrimental as Kesselm…
Tax Policy for a Rent-Rich Economy
I argue that a significant amount of income consists of windfall gains or rents. Rents accrue to firms and their owners, as well as to asset owners. They also accrue to income earners due to windfall changes in wage rates and rent-seeking opportunities. High-income persons obtain a disproportionate share of rents, and I investigate the consequences of that for Canadian tax policy. Some tax reforms suggested include adopting an allowance for corpo…
Fiscal Federalism: Principles and Practice of Multiorder Governance
This book provides a comprehensive account of the principles and practices of fiscal federalism based on the currently accepted theoretical framework and best practices. The traditional topics of assignment of responsibilities, intergovernmental fiscal arrangements, fiscal competition, and grants are covered in a unified framework with reference to actual practices followed in federations around the world. Special issues such as local government …
A Theory of Fiscal Imbalance
egative. In the absence of commitment, the equilibrium transfer is unambiguously larger than the optimal fiscal gap, resulting in a positive fiscal imbalance.
Financing and Taxing New Firms under Asymmetric Information
This paper uses a sequence of models to study the efficiency of credit-market equilibria, and the scope for welfare-improving policy interventions, when financial intermediaries cannot observe the riskiness or returns of potential investment projects by new firms. It is first shown that when only loan financing is available there is a systematic tendency towards overinvestment in high-return, high-risk projects and underinvestment in low-return, …
An Evaluation of the Stabilization Properties of Equalization in Canada
The Canadian system of equalization is designed to address di¤erences in revenueraising capacity across provinces, basing a province's entitlements on its actual tax bases.However, since it does so on a year-on-year basis, the standard against which a given province's equalization entitlements are calculated ‡uctuates from year to year with all provinces' tax bases and tax rates.The consequence is that, while the redistribution function is ful...…
Inter-Governmental Fiscal Relations: The Facilitator of Fiscal Decentralization
The imperative of fiscal sharing transfers
Equalising transfers from central governments to subnational governments are features of the fiscal arrangements of many federations. It is argued that these transfers are necessary complements to systems of interpersonal redistribution. They facilitate the process of decentralisation by enabling subnational jurisdictions to exercise their autonomy in ways that do not detract from national objectives of equity and efficiency. This is because dece…
The provision of public services by government funded decentralized agencies
Reform of Retirement Income Policy: International and Canadian Perspectives
Canada is hardly unique in this respect. Countries around the world are engaged in similar debates, and their experience holds important lessons. Through the perspectives of international and Canadian researchers, Reform of Retirement Income Policy focuses on many key reform issues: future income prospects for the elderly, roles of the public and private sectors, fairness and intergenerational equity, affordability and economic impacts, public ex…
Redistributing Smarter: Self-Selection, Targeting and Non-Conventional Policy Instruments
Modern public economic theory emphasizes imperfect information as the ultimate constraint on redistribution policy: the needy are hard to identify. To target transfers efficiently, the standard tax-transfer system with its reliance on self-reporting needs to be supplemented by other devices designed to separate the needy from the non-needy. These include the use of in-kind transfers, quantity and price controls, and monitoring by welfare administ…
Investment in Education and the Time Inconsistency of Redistributive Tax Policy
Time inconsistency of tax policy is shown to arise in a setting where households differ in their ability to accumulate wealth and where the government has redistributional objectives. It is assumed that wealth accumulation takes the form of human capital acquired through education. The government is precluded from redistributing to a first-best optimum by a self-selection constraint. The second-best is shown to be time-inconsistent. In the time-c…
Pay-as-you-go social security in a changing environment
Revenue Sharing and the Equalization of Natural Resource Revenues
On the Neutrality of Flow-of-Funds Corporate Taxation
real income-earning business activities of firms rather than the financial ones. Furthermore, it has virtually ignored the implications of the financial structure of the firm for the neutrality of flow-of-funds taxation of both real and financial activities of the firm in a model of the firm in which the financial structure has been explicitly included. We shall be particularly concerned with the sorts of flow-of-funds tax systems suggested by th…
Financing Confederation: Rejoinders
Robin Boadway, Frank Flatters, K. H. Norrie, M. B. Percy, L. S. Wilson, D. O. Sewell, D. W. Slater, John Vanderkamp, Financing Confederation: Rejoinders, Canadian Public Policy / Analyse de Politiques, Vol. 8, No. 4 (Autumn, 1982), pp. 621-632
A Note on the Treatment of Foreign Exchange in Project Evaluation
There is apparently still some unease concerning the analytical treatment of exchange in the OECD or Little-Mirrlees (1968, 1974) manual (e.g. the recent review of Little and Mirrlees by Bottomley, 1975). What, for example, distinguishes the Little-Mirrlees shadow pricing rules for traded commodities from that of Dasgupta, Sen, and Marglin (1972) in the Unido manual, if anything? In the Unido approach, domestic (non-traded) resources are evaluate…
Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital
Journal Article Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital Get access Robin Boadway Robin Boadway Queen’s University, Canada Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 88, Issue 351, 1 September 1978, Pages 470–481, https://doi.org/10.2307/2232047 Published: 01 September 1978
Benefit-Cost Shadow Pricing in Open Economies: An Alternative Approach
Pay-as-you-go social security in a changing environment
Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital
Journal Article Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital Get access Robin Boadway Robin Boadway Queen’s University, Canada Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 88, Issue 351, 1 September 1978, Pages 470–481, https://doi.org/10.2307/2232047 Published: 01 September 1978
Reform of Retirement Income Policy: International and Canadian Perspectives
Canada is hardly unique in this respect. Countries around the world are engaged in similar debates, and their experience holds important lessons. Through the perspectives of international and Canadian researchers, Reform of Retirement Income Policy focuses on many key reform issues: future income prospects for the elderly, roles of the public and private sectors, fairness and intergenerational equity, affordability and economic impacts, public ex…
Can Self-Financing Redeem the Basic Income Guarantee? Disincentives, Efficiency Costs, Tax Burdens, and Attitudes: A Rejoinder
We respond to concerns raised by Kesselman (2018) about our illustrative proposal on how to finance and implement a basic income guarantee (BIG) in Canada (Boadway, Cuff, and Koebel forthcoming). We demonstrate how our proposal could be adjusted to mitigate Kesselman’s main concern of high marginal effective tax rates (METRs) and argue that the incentive effects, redistribution consequences, and public opposition are not as detrimental as Kesselm…
An Evaluation of the Stabilization Properties of Equalization in Canada
The Canadian system of equalization is designed to address di¤erences in revenueraising capacity across provinces, basing a province's entitlements on its actual tax bases.However, since it does so on a year-on-year basis, the standard against which a given province's equalization entitlements are calculated ‡uctuates from year to year with all provinces' tax bases and tax rates.The consequence is that, while the redistribution function is ful...…
Inter-Governmental Fiscal Relations: The Facilitator of Fiscal Decentralization
Redistributing Smarter: Self-Selection, Targeting and Non-Conventional Policy Instruments
Modern public economic theory emphasizes imperfect information as the ultimate constraint on redistribution policy: the needy are hard to identify. To target transfers efficiently, the standard tax-transfer system with its reliance on self-reporting needs to be supplemented by other devices designed to separate the needy from the non-needy. These include the use of in-kind transfers, quantity and price controls, and monitoring by welfare administ…
Tax Policy for a Rent-Rich Economy
I argue that a significant amount of income consists of windfall gains or rents. Rents accrue to firms and their owners, as well as to asset owners. They also accrue to income earners due to windfall changes in wage rates and rent-seeking opportunities. High-income persons obtain a disproportionate share of rents, and I investigate the consequences of that for Canadian tax policy. Some tax reforms suggested include adopting an allowance for corpo…
The provision of public services by government funded decentralized agencies
Investment in Education and the Time Inconsistency of Redistributive Tax Policy
Time inconsistency of tax policy is shown to arise in a setting where households differ in their ability to accumulate wealth and where the government has redistributional objectives. It is assumed that wealth accumulation takes the form of human capital acquired through education. The government is precluded from redistributing to a first-best optimum by a self-selection constraint. The second-best is shown to be time-inconsistent. In the time-c…
Financing Confederation: Rejoinders
Robin Boadway, Frank Flatters, K. H. Norrie, M. B. Percy, L. S. Wilson, D. O. Sewell, D. W. Slater, John Vanderkamp, Financing Confederation: Rejoinders, Canadian Public Policy / Analyse de Politiques, Vol. 8, No. 4 (Autumn, 1982), pp. 621-632
Benefit-Cost Shadow Pricing in Open Economies: An Alternative Approach
Benefit-Cost Shadow Pricing in Open Economies: An Alternative Approach
A Note on the Treatment of Foreign Exchange in Project Evaluation
There is apparently still some unease concerning the analytical treatment of exchange in the OECD or Little-Mirrlees (1968, 1974) manual (e.g. the recent review of Little and Mirrlees by Bottomley, 1975). What, for example, distinguishes the Little-Mirrlees shadow pricing rules for traded commodities from that of Dasgupta, Sen, and Marglin (1972) in the Unido manual, if anything? In the Unido approach, domestic (non-traded) resources are evaluate…
Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital
Journal Article Investment Incentives, Corporate Taxation, and Efficiency in the Allocation of Capital Get access Robin Boadway Robin Boadway Queen’s University, Canada Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 88, Issue 351, 1 September 1978, Pages 470–481, https://doi.org/10.2307/2232047 Published: 01 September 1978
Financing Confederation: Rejoinders
Robin Boadway, Frank Flatters, K. H. Norrie, M. B. Percy, L. S. Wilson, D. O. Sewell, D. W. Slater, John Vanderkamp, Financing Confederation: Rejoinders, Canadian Public Policy / Analyse de Politiques, Vol. 8, No. 4 (Autumn, 1982), pp. 621-632
Revenue Sharing and the Equalization of Natural Resource Revenues
On the Neutrality of Flow-of-Funds Corporate Taxation
real income-earning business activities of firms rather than the financial ones. Furthermore, it has virtually ignored the implications of the financial structure of the firm for the neutrality of flow-of-funds taxation of both real and financial activities of the firm in a model of the firm in which the financial structure has been explicitly included. We shall be particularly concerned with the sorts of flow-of-funds tax systems suggested by th…
Pay-as-you-go social security in a changing environment
Investment in Education and the Time Inconsistency of Redistributive Tax Policy
Time inconsistency of tax policy is shown to arise in a setting where households differ in their ability to accumulate wealth and where the government has redistributional objectives. It is assumed that wealth accumulation takes the form of human capital acquired through education. The government is precluded from redistributing to a first-best optimum by a self-selection constraint. The second-best is shown to be time-inconsistent. In the time-c…
Reform of Retirement Income Policy: International and Canadian Perspectives
Canada is hardly unique in this respect. Countries around the world are engaged in similar debates, and their experience holds important lessons. Through the perspectives of international and Canadian researchers, Reform of Retirement Income Policy focuses on many key reform issues: future income prospects for the elderly, roles of the public and private sectors, fairness and intergenerational equity, affordability and economic impacts, public ex…
Redistributing Smarter: Self-Selection, Targeting and Non-Conventional Policy Instruments
Modern public economic theory emphasizes imperfect information as the ultimate constraint on redistribution policy: the needy are hard to identify. To target transfers efficiently, the standard tax-transfer system with its reliance on self-reporting needs to be supplemented by other devices designed to separate the needy from the non-needy. These include the use of in-kind transfers, quantity and price controls, and monitoring by welfare administ…
The provision of public services by government funded decentralized agencies
Inter-Governmental Fiscal Relations: The Facilitator of Fiscal Decentralization
The imperative of fiscal sharing transfers
Equalising transfers from central governments to subnational governments are features of the fiscal arrangements of many federations. It is argued that these transfers are necessary complements to systems of interpersonal redistribution. They facilitate the process of decentralisation by enabling subnational jurisdictions to exercise their autonomy in ways that do not detract from national objectives of equity and efficiency. This is because dece…
An Evaluation of the Stabilization Properties of Equalization in Canada
The Canadian system of equalization is designed to address di¤erences in revenueraising capacity across provinces, basing a province's entitlements on its actual tax bases.However, since it does so on a year-on-year basis, the standard against which a given province's equalization entitlements are calculated ‡uctuates from year to year with all provinces' tax bases and tax rates.The consequence is that, while the redistribution function is ful...…
A Theory of Fiscal Imbalance
egative. In the absence of commitment, the equilibrium transfer is unambiguously larger than the optimal fiscal gap, resulting in a positive fiscal imbalance.
Financing and Taxing New Firms under Asymmetric Information
This paper uses a sequence of models to study the efficiency of credit-market equilibria, and the scope for welfare-improving policy interventions, when financial intermediaries cannot observe the riskiness or returns of potential investment projects by new firms. It is first shown that when only loan financing is available there is a systematic tendency towards overinvestment in high-return, high-risk projects and underinvestment in low-return, …
Fiscal Federalism: Principles and Practice of Multiorder Governance
This book provides a comprehensive account of the principles and practices of fiscal federalism based on the currently accepted theoretical framework and best practices. The traditional topics of assignment of responsibilities, intergovernmental fiscal arrangements, fiscal competition, and grants are covered in a unified framework with reference to actual practices followed in federations around the world. Special issues such as local government …
Tax Policy for a Rent-Rich Economy
I argue that a significant amount of income consists of windfall gains or rents. Rents accrue to firms and their owners, as well as to asset owners. They also accrue to income earners due to windfall changes in wage rates and rent-seeking opportunities. High-income persons obtain a disproportionate share of rents, and I investigate the consequences of that for Canadian tax policy. Some tax reforms suggested include adopting an allowance for corpo…
Natural Resource Extraction in a Federation
We analyze a natural resource extraction problem in a two-region economy with mobile labour. One region produces manufacturing goods while the other produces agriculture and extracts a non-renewable resource. Manufacturing production exhibits increasing returns-to-scale if the production level is sufficiently high. There are multiple long-run equilibrium labour allocations towards which the economy may converge. Under decentralized resource manag…
Can Self-Financing Redeem the Basic Income Guarantee? Disincentives, Efficiency Costs, Tax Burdens, and Attitudes: A Rejoinder
We respond to concerns raised by Kesselman (2018) about our illustrative proposal on how to finance and implement a basic income guarantee (BIG) in Canada (Boadway, Cuff, and Koebel forthcoming). We demonstrate how our proposal could be adjusted to mitigate Kesselman’s main concern of high marginal effective tax rates (METRs) and argue that the incentive effects, redistribution consequences, and public opposition are not as detrimental as Kesselm…
An Annual Wealth Tax: Pros and Cons
We explore the case for a wealth tax as part of the tax mix. Annual wealth taxes are roughly equivalent to capital income taxes on the assets to which they apply. Wealth taxes differ in purpose from inheritance taxes which are useful adjuncts to income taxes. We recount the arguments for taxing capital income, and for taxing inheritances regardless of whether capital income is taxed. We argue that if the desire to tax asset income and wealth tran…
A Tax Reform Approach to Commodity Taxation with Families
We show that the optimality of uniform commodity taxation applies in a family setting when individuals live in two-adult families and take some decisions collectively. Allowing for household decisions to include intra-family redistribution, family production and public goods, uniform commodity taxation Pareto dominates differential commodity tax-ation when preferences are weakly separable and quasi-homothetic in goods and individual income taxati…
Fiscal Policy and Economic Growth (20 works) · Economics (18 works) · Public economics (8 works) · Business (7 works) · Corporate Taxation and Avoidance (7 works) · Market economy (7 works) · Microeconomics (7 works) · Political science (7 works) · Computer Science (6 works) · Finance (6 works)