haku: @author Lansing, K. J. / yhteensä: 1
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| Tekijä: | Lansing, K. J. |
| Otsikko: | Optimal redistributive capital taxation in a neoclassical growth model. |
| Lehti: | Journal of Public Economics
1999 : SEP, VOL. 73:3, p. 423-453 |
| Asiasana: | Fiscal policy Tax optimization Capital taxation |
| Kieli: | eng |
| Tiivistelmä: | The paper provides a counterexample to the simplest version of the redistribution models considered by K. L. Judd (28(1985)59-83) in which the government chooses an optimal distortionary tax on capitalists to finance a lump-sum payment to workers. The author shows that the steady-state optimal tax on capital income is generally non-zero when the capitalists' utility is logarithmic and the government faces a balanced-budget constraint. |
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