Supply Side Interventions and Redistribution
Bibliographic Data
| ID | 9711778 |
|---|---|
| Authors | Teresa Garcia‐Milà (Universitat Pompeu Fabra and Barcelona GSE), Teresa García-Milá (0000-0003-4268-8571, Barcelona School of Economics), Albert Marcet (0000-0001-8755-5903, Universitat Autònoma de Barcelona, CEPR and Barcelona GSE), Eva Ventura (0000-0002-9116-4005, Universitat Pompeu Fabra and Barcelona GSE) |
| Year | 2010 |
| Volume | 120 |
| Issue | 543 |
| Pages | 105-130 |
| Publication date | 2010-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2009.02333.x |
| OpenAlex | W2159173207 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
We evaluate the effect on welfare of shifting the burden of capital income taxes to labour taxes in a dynamic equilibrium model with heterogeneous agents and constant tax rates. We calibrate and simulate the economy; we find that lowering capital taxes has two effects: it increases efficiency in terms of aggregate production and it redistributes wealth in favour of those agents with a low wage/wealth ratio. When the parameters of the model are calibrated to match the distribution of income in terms of the wage/wealth ratio, the redistributive effect dominates, and agents with a high wage/wealth ratio would experience a large loss in utility if capital income taxes were eliminated. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Art · Economics · Garcia · Humanities · Library science · Political science · Psychological intervention · Redistribution (election · Sociology · Supply side · Computer Science · Corporate Taxation and Avoidance · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Law · Medicine · Nursing
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The Welfare Cost of Factor Taxation in a Perfect-Foresight Model
Optimal Taxation in Models of Endogenous Growth
An Equilibrium Model of the Business Cycle
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2011 - 2023 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |