منابع مشابه
On the Optimal Taxation of Capital Income
We show that in models in which labor services are supplied jointly with human capital, the Chamley and Judd result on zero capital income taxation in the limit extends to labor taxes as long as accumulation technologies are constant returns to scale. Moreover, for a class of widely used preferences, consumption taxes are zero in the limit as well. However, we show by the construction of two ex...
متن کاملOn the Relevance of Capital Income Taxation
In a standard model of the intertemporal labour supply/consumption/saving decision, with weak separability between consumption and leisure in each period; identical preferences across households; and a Mirrlees optimal nonlinear tax on labour earnings; the Atkinson-Stiglitz Theorem (AS) implies that there is no case for taxing future consumption and therefore the return to saving. An extension ...
متن کاملOptimal Capital Income Taxation∗
In an economy with identical infinitely-lived households that obtain utility from leisure as well as consumption, Chamley (1986) and Judd (1985) have shown that the optimal tax system to pay for an exogenous stream of government purchases involves a zero tax rate on capital in the long run, with tax revenue collected by a distortionary tax on labor income. Extending the results of Hall and Jorg...
متن کاملthe influence of social and cultural capital on efl students critical thinking skills
the major aim of this study was to investigate the relationship between social and cultural capital and efl students’ critical thinking skills. this study takes this relationship in to account to see if people with different sociocultural status are different regarding their critical thinking skills. to this end, 160 university students majoring in english language and literature, english trans...
15 صفحه اولThe impact of AIDS on income and human capital.
This paper studies the impact of HIV/AIDS on per capita income and education. It explores two channels on how HIV/AIDS affects income that have not been sufficiently stressed by previous literature: the reduction of the incentives to stay in school due to shorter expected longevity and the reduction in productivity of experienced workers. In the model, individuals live for three periods, may ge...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 1907
ISSN: 0022-3808,1537-534X
DOI: 10.1086/251337