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About Calculation the Optimal Labor Time in the Mirrlees Model
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: Received: 12 November 2020 / Approved: 13 November 2020 / Online: 13 November 2020 (15:45:42 CET)
How to cite: Bondarenko, V. About Calculation the Optimal Labor Time in the Mirrlees Model. Preprints 2020, 2020110389 Bondarenko, V. About Calculation the Optimal Labor Time in the Mirrlees Model. Preprints 2020, 2020110389
Abstract
In this paper we analyze and propose new method and algorithm of selecting the optimal labor time as a function of skills following our main references Mirrlees (1971), Saez (2001) and Stancheva (2014). The optimal labor time is a situation when the utility function of individual reaches a maximum. One of the main differences with Saez (2001) is our algorithm for creation the skill distribution.
Keywords
optimal taxation; welfare analysis
Subject
Computer Science and Mathematics, Algebra and Number Theory
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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