Working Paper Article Version 1 This version is not peer-reviewed

About Calculation the Optimal Labor Time in the Mirrlees Model

Version 1 : 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.

Subject Areas

optimal taxation; welfare analysis

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