search query: @author Judd, K. L. / total: 3
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| Author: | Judd, K. L. |
| Title: | Optimal taxation and spending in general competitive growth models |
| Journal: | Journal of Public Economics
1999 : JAN, VOL. 71:1, p. 1-26 |
| Index terms: | Taxation Optimization Growth Human capital Models |
| Language: | eng |
| Abstract: | It is found in the paper that the optimal long-run tax on capital income is zero even if the capital stock does not converge to a steady state nor to steady state growth rate. The optimal tax on human capital is also zero if human capital is not a final good, but the long-run wage tax is not generally zero. It is argued that "consumption" tax proposals, such as the Flat Tax, are not consumption taxes, and are biased against human capital. |
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