Progressive taxes, equity, and human capital accumulation in an endogenous growth model with overlapping generations

• 成果类型: Article
• 署名作者: Bovenberg, AL; vanEwijk, C
• 署名单位: Tilburg University; University of Amsterdam
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(96)01616-7
• 发表日期: 1997
• 页码: 153-179
• 关键词: economic growth; overlapping generations; progressive taxes

摘要

This paper explores the trade-off between efficiency and intra- and intergenerational equity in an endogenous growth model of an open economy with overlapping generations and human capital accumulation. We demonstrate that progressive taxes hurt long-run growth and exacerbate distortions associated with intergenerational spillovers. However, by raising saving, these taxes strengthen the net foreign asset position.