haku: @author Judd, K. L. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Judd, K. L. |
| Otsikko: | Optimal taxation and spending in general competitive growth models |
| Lehti: | Journal of Public Economics
1999 : JAN, VOL. 71:1, p. 1-26 |
| Asiasana: | Taxation Optimization Growth Human capital Models |
| Kieli: | eng |
| Tiivistelmä: | 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. |
SCIMA