On the optimal taxation of capital income
成果类型：
Article
署名作者：
Jones, LE; Manuelli, RE; Rossi, PE
署名单位：
University of Wisconsin System; University of Wisconsin Madison; University of Chicago
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1996.2238
发表日期：
1997
页码：
93-117
关键词：
摘要：
We show that in models in which labor services are supplied jointly with human capital, the Chamley and Judd result on zero capital income taxation in the limit extends to labor taxes as long as accumulation technologies are constant returns to scale. Moreover, for a class of widely used preferences, consumption taxes are zero in the limit as well. However, we show by the construction of two examples that these results no longer hold for certains types of restrictions on tax rates or if there are profits generated. (C) 1997 Academic Press.