Rehme, Günther (2009)
Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model.
Report, Erstveröffentlichung
Kurzbeschreibung (Abstract)
In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net capital income taxes used for pure redistribution are zero in a long-run optimum. I find that capital income taxes may be nonzero, depending on the political power of those who receive redistributive transfers, the distribution of pre-tax factor incomes, and the intertemporal elasticity of substitution.
| Typ des Eintrags: | Report |
|---|---|
| Erschienen: | 2009 |
| Autor(en): | Rehme, Günther |
| Art des Eintrags: | Erstveröffentlichung |
| Titel: | Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model |
| Sprache: | Englisch |
| Publikationsjahr: | 2009 |
| Ort: | Darmstadt |
| Reihe: | Darmstadt Discussion Papers in Economics |
| Band einer Reihe: | 188 |
| URL / URN: | http://tuprints.ulb.tu-darmstadt.de/4739 |
| Kurzbeschreibung (Abstract): | In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net capital income taxes used for pure redistribution are zero in a long-run optimum. I find that capital income taxes may be nonzero, depending on the political power of those who receive redistributive transfers, the distribution of pre-tax factor incomes, and the intertemporal elasticity of substitution. |
| Freie Schlagworte: | Growth, Redistribution, Investment Subsidies, Capital Income Taxes |
| URN: | urn:nbn:de:tuda-tuprints-47393 |
| Zusätzliche Informationen: | JEL - Classification: O41, H21, D33; Erstellt September 2007 |
| Sachgruppe der Dewey Dezimalklassifikatin (DDC): | 300 Sozialwissenschaften > 330 Wirtschaft |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Wirtschaftstheorie |
| Hinterlegungsdatum: | 31 Jan 2016 20:58 |
| Letzte Änderung: | 25 Okt 2023 09:48 |
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