| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| On the Incidence of a Tax on Pure Rent with Infinite Horizons |
| Alberto Petrucci
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| 发表日期 | 2004
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| 出处 | Economy and Society
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| 出版年 | 2004
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| 语种 | 英语
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| 摘要 | This paper studies the incidence of a tax on pure rent within an intertemporal optimizing model of capital accumulation and endogenous labor with infinite-lived agents. Two cases are considered for the labor market: the neoclassical theory, characterized by perfectly competitive wages and no unemployment, and the incentive-wage theory of the labor-turnover type, characterized by real wage rigidity and structural unemployment. In the neoclassical equilibrium, the land rent tax is unshifted when consumers are lump-sum compensated for the tax. If tax revenues are used to finance government spending, pure rent taxation increases employment, boosts capital accumulation and reduces real wage as well as land yield. In the incentive-wage economy, the land rent tax, regardless of the way in which tax proceeds are employed, always increases employment, capital stock, and land reward, but exerts an ambiguous effect on the wage rate. |
| 特色分类 | E21,E62,H22
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| 关键词 | Pure rent taxation,Capital formation,Land,Structural unemployment
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/on-the-incidence-of-a-tax-on-pure-rent-with-infinite-horizons/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117111
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推荐引用方式
GB/T 7714 |
Alberto Petrucci. On the Incidence of a Tax on Pure Rent with Infinite Horizons. 2004.
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文件名：
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NDL2004-160.pdf
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格式：
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Adobe PDF
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