Taxing capital? not a bad idea after all!

Juan Carlos Conesa, Sagiri Kitao, Dirk Krueger

研究成果: Article査読

292 被引用数 (Scopus)

抄録

We quantitatively characterize the optimal capital and labor income tax in an overlapping generations model with idiosyncratic, uninsurable income shocks and permanent productivity differences of households. The optimal capital income tax rate is significantly positive at 36 percent. The optimal progressive labor income tax is, roughly, a flat tax of 23 percent with a deduction of $7,200 (relative to average household income of $42,000). The high optimal capital income tax is mainly driven by the life-cycle structure of the model, whereas the optimal progressivity of the labor income tax is attributable to the insurance and redistribution role of the tax system. (JEL E13, H21, H24, H25).

本文言語English
ページ(範囲)25-48
ページ数24
ジャーナルAmerican Economic Review
99
1
DOI
出版ステータスPublished - 2009 3月
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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