| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15845 |
| DP15845 Land is back, it should be taxed, it can be taxed | |
| Odran Bonnet; Guillaume Chapelle; Alain Trannoy; Etienne Wasmer | |
| 发表日期 | 2021-02-24 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Land is back. The increase in wealth in the second half of 20th century arose from housing and land. It should be taxed. We introduce land and housing structures in Judd’s standard setup: first best optimal taxation is achieved with a property tax on land and requires no tax on capital. With positive taxes on housing rents, a first best is still possible but with subsidies to rental housing investments, and either with differential land tax rates or with a tax on imputed rents. It can be taxed. Even absent land taxes, one can tax it indirectly and reach a Ramsey-second best still with no tax on capital and positive housing rent taxes in the steady-state. This result extends to the dynamics under restrictions on parameters. |
| 主题 | International Trade and Regional Economics ; Macroeconomics and Growth ; Public Economics |
| 关键词 | Capital Wealth Housing Land Optimal tax First best Second best |
| URL | https://cepr.org/publications/dp15845 |
| 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/544839 |
| 推荐引用方式 GB/T 7714 | Odran Bonnet,Guillaume Chapelle,Alain Trannoy,et al. DP15845 Land is back, it should be taxed, it can be taxed. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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