In order to study the phenomenon in detail that income distribution follows Pareto law, we analyze the database of high income companies in Japan. We find a quantitative relation between the average capital of the companies and the Pareto index. The larger the average capital becomes, the smaller the Pareto index becomes. From this relation, we can possibly explain that the Pareto index of comp...

I quantitatively study the optimal capital income taxation in the general equilibrium overlapping generations model with uninsurable idiosyncratic income shocks and with housing and flnancial assets. Following key characteristics of housing are explicitly modeled: (i) housing is held for the dual purpose of consumption and savings, (ii) housing can be either owned or rented, (iii) if owned, hou...

This paper quantitatively investigates the optimal capital income taxation in the general equilibrium overlapping generations model, which incorporates characteristics of housing and the U.S. preferential tax treatment for owner-occupied housing. Housing tax policy is found to have a substantial effect on how capital income should be taxed. Given the U.S. preferential tax treatment for owner-oc...

In order to study phenomenon in detail that income distribution follows Pareto law, we analyze database of high income companies in Japan. We find a quantitative relation between average capital of the companies and the Pareto index, that the average capital becomes larger the Pareto index becomes smaller. From this relation, we point out a possibility we can explain that Pareto index of compan...

In order to study phenomenon in detail that income distribution follows Pareto law, we analyze database of high income companies in Japan. We find a quantitative relation between average capital of the companies and the Pareto index, that the average capital becomes larger the Pareto index becomes smaller. From this relation, we point out a possibility we can explain that Pareto index of compan...

a r t i c l e i n f o JEL classification: E62 H22 O41 Keywords: Two-sector model Human capital Optimal factor tax incidence This paper studies the optimal factor tax incidence in a standard two-sector, human capital-based endoge-nous growth model elucidated by Lucas (1988). Capital income taxes generate dynamic inefficiency for capital accumulation and labor income taxes create dynamic ineffici...

OBJECTIVE To analyze whether the relationship between income inequality and human health is mediated through social capital, and whether political regime determines differences in income inequality and social capital among countries. METHODS Path analysis of cross sectional ecological data from 110 countries. Life expectancy at birth was the outcome variable, and income inequality (measured b...

Social capital has recently become a guiding theoretical framework for family interventions in low-income neighborhoods. In the context of the Annie E. Casey Foundation’s Making Connections initiative, this research uses hierarchical linear modeling to examine how neighborhood characteristics and resident participation affect bonding social capital in low-income neighborhoods. Findings demonstr...

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...