کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
9732012 1480847 2005 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal capital taxation and labor market search
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Optimal capital taxation and labor market search
چکیده انگلیسی
In this paper I study the nature of optimal factor income taxation in a neoclassical growth model where search frictions on the labor marker generate unemployment. I show that the introduction of search frictions changes the Chamley-Judd result of zero capital taxation as follows: if the government is constrained to capital and labor taxation, the optimal capital tax is in general non-zero, but if the government has access to other tax instruments the Chamley-Judd result survives. Quantitatively, the optimal capital tax is small, in the range of −8 to 8 percent. The welfare costs of being constrained can, however, be quite large.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 8, Issue 3, July 2005, Pages 623-650
نویسندگان
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