全球智库信息集成服务系统(G2TT): Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8394
来源ID	Working Paper 8394
	Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism
	John P. Conley; Antonio Rangel
发表日期	2001-07-01
出版年	2001
语种	英语
摘要	This paper studies how to design a fiscal constitution that, by capitalizing intergenerational spillovers into land values, is able to protect future generations from expropriation and to generate optimal investment in intergenerational public goods. In particular, we study how to accomplish these goals by changing two dimensions of the fiscal constitution: (1) the level of government to which different types of intergenerational public goods are assigned, and (2) the tax base of the different jurisdictions. We show that the instruments required to generate capitalization of the intergenerational spillovers depend on the type of the spillover. Land taxation is the essential instrument for policies that mostly generate fiscal spillovers, such as debt and public infrastructure. By contrast, interjurisdictional competition is the essential instrument for policies that mostly generate direct spillovers, such as irreversible environmental damages. Furthermore, we show that it is possible to design a fiscal constitution that generates full capitalization of fiscal spillovers, but in general, not one that generates full capitalization of direct spillovers.
主题	Microeconomics ; Welfare and Collective Choice ; Behavioral Economics
URL	https://www.nber.org/papers/w8394
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/565996
推荐引用方式 GB/T 7714	John P. Conley,Antonio Rangel. Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism. 2001.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w8394.pdf（1732KB）	智库出版物		限制开放	CC BY-NC-SA	浏览