haku: @author Sadka, E. / yhteensä: 10
viite: 2 / 10
| Tekijä: | Razin, A. Sadka, E. Swagel, P. |
| Otsikko: | Capital income taxation under majority voting with aging population |
| Lehti: | Review of World Economics
2004 : VOL. 140:3, p. 476-495 |
| Asiasana: | Capital income tax Old people Voting |
| Kieli: | eng |
| Tiivistelmä: | An old person typically has a mixed attitude toward the welfare-state benefits, when they are financed by capital taxes, because her income derives mostly from capital. A majority-voting model that focuses on the effect of aging on this dilemma is developed. Surprisingly, the theory predicts that tax rates on capital income could actually rise as the population ages, even though older individuals would be expected to own more capital than the young and thus vote against higher taxes. |
SCIMA