Rehme, Günther (2007):
Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model.
In: Darmstadt Discussion Papers in Economics, 188, Darmstadt, [Report]
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Item Type: | Report |
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Title: | Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model |
Language: | English |
Abstract: | In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net capital income taxes used for pure redistribution are zero in a long-run optimum. I find that capital income taxes may be nonzero, depending on the political power of those who receive redistributive transfers, the distribution of pre-tax factor incomes, and the intertemporal elasticity of substitution. |
Series: | Darmstadt Discussion Papers in Economics |
Series Volume: | 188 |
Place of Publication: | Darmstadt |
Uncontrolled Keywords: | Growth, Redistribution, Investment Subsidies, Capital Income Taxes |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Economic Theory 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete |
Date Deposited: | 26 Aug 2009 13:20 |
Last Modified: | 09 Jul 2020 01:01 |
URN: | urn:nbn:de:tuda-tuprints-47393 |
Additional Information: | JEL - Classification: O41, H21, D33 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/4739 |
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