Taxation of Consumption and Labor Income: A Quantitative Approach

IF 6.3 1区 经济学 Q1 ECONOMICS
Francesca Parodi
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引用次数: 1

Abstract

I quantitatively characterize optimal consumption and labor income taxes in a structural life-cycle model of household consumption, saving, and employment choices that allows for irreversibility of durable goods and preference heterogeneity. I find that durables should be subsidized and nondurables should be taxed at a uniform rate. The durable subsidy is driven by the life-cycle features of the model together with durables’ irreversibility and borrowing constraints. Uniform taxation on nondurables holds under exogenous and endogenous—fully or weakly separable—labor supply and it relies on homogeneity of intertemporal preferences. Allowing for government’s equity concerns, I show that the model rationalizes the tax practice. (JEL D15, G51, H21, H23, H24, H31, J22)
消费与劳动所得税收:一种定量方法
在考虑耐用品的不可逆性和偏好异质性的家庭消费、储蓄和就业选择的结构性生命周期模型中,我定量地描述了最优消费和劳动所得税。我认为耐用品应该得到补贴,而非耐用品应该以统一的税率征税。耐用品补贴是由模型的生命周期特征、耐用品的不可逆性和借贷约束共同驱动的。对非耐用品的统一征税适用于外生和内生(完全可分离或弱可分离)劳动力供给,它依赖于跨期偏好的同质性。考虑到政府对公平的担忧,我表明该模型使税收实践合理化。(jj15, g51, h21, h23, h24, h31, j22)
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来源期刊
CiteScore
8.20
自引率
1.70%
发文量
58
期刊介绍: American Economic Journal: Macroeconomics focuses on studies of aggregate fluctuations and growth, and the role of policy in that context. Such studies often borrow from and interact with research in other fields, such as monetary theory, industrial organization, finance, labor economics, political economy, public finance, international economics, and development economics. To the extent that they make a contribution to macroeconomics, papers in these fields are also welcome.
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