| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4176 |
| DP4176 Strategic Financial Innovation in Segmented Markets | |
| Rohit Rahi; Jean-Pierre Zigrand | |
| 发表日期 | 2004-01-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | In this Paper, we take the field of optimal dynamic taxation further in two directions. Using a model with invisible labour, as in Hansen (1986) and Rogerson (1988), we first explore the short-run dynamics of the capital-income tax, particularly whether the tax, under the second-best programme, goes to zero in finite or infinite time. We derive two classes of preferences for which the optimal capital tax reaches zero in a finite time. Second, we ask what preference structures will leave labour untaxed at all times? An exponential preference structure is derived, for which labour is untaxed both in the short and long run. |
| 主题 | Public Economics |
| 关键词 | Optimal taxation Dynamic taxation Indivisible labour |
| URL | https://cepr.org/publications/dp4176 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533147 |
| 推荐引用方式 GB/T 7714 | Rohit Rahi,Jean-Pierre Zigrand. DP4176 Strategic Financial Innovation in Segmented Markets. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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