全球智库信息集成服务系统(G2TT): Optimal Positive Capital Taxes at Interior Steady States

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w25895
来源ID	Working Paper 25895
	Optimal Positive Capital Taxes at Interior Steady States
	Jess Benhabib; Bálint Szőke
发表日期	2019-06-03
出版年	2019
语种	英语
摘要	We generalize recent results of Bassetto and Benhabib (2006) and Straub and Werning (2018) in a neo-classical model with endogenous labor-leisure choice where all agents are allowed to save and accumulate capital. We provide a sufficient condition under which optimal redistributive capital taxes remain at their allowed upper bound forever, even if the resulting equilibrium trajectory converges to a unique steady state with positive and finite consumption, capital, and labor. We then provide an interpretation of our sufficient condition. Using recent evidence on wealth distribution in the United States, we argue that our sufficient condition is empirically plausible.
主题	Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation
URL	https://www.nber.org/papers/w25895
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/583569
推荐引用方式 GB/T 7714	Jess Benhabib,Bálint Szőke. Optimal Positive Capital Taxes at Interior Steady States. 2019.