Optimal taxation and spending in general competitive growth models

• 成果类型: Article
• 署名作者: Judd, KL
• 署名单位: National Bureau of Economic Research
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(98)00054-1
• 发表日期: 1999
• 页码: 1-26
• 关键词: Optimal taxation; human capital; GROWTH; consumption taxation

摘要

We find 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 a 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. We argue that consumption tax proposals, such as the Flat Tax, are not consumption taxes, and are biased against human capital. (C) 1999 Elsevier Science S.A. All rights reserved.