Optimal taxation, minimum wage constraint in a model of capital-skill complementarity

IF 3.1 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-09-01 DOI:10.1016/j.qref.2025.102036

Yunmin Chen , Dongmeng Ren

引用次数: 0

Abstract

We propose a competitive equilibrium model incorporating taxation and minimum wage constraints in the presence of capital-skill complementarity. The paper mainly addresses how exogenous minimum wage constraints (MWC) impact the optimal progressivity of labor income tax and optimal capital income tax rate. We find the following two results for a steady-state optimal taxes with a binding MWC in an economy with risk averse agents: (i) The capital tax rate is positive, (ii) The labor tax schedule is less progressive in the presence of the MWC than in its absence.

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资本-技能互补性模型中的最优税收、最低工资约束

我们提出了一个竞争均衡模型，在资本技能互补性存在的情况下，结合税收和最低工资约束。本文主要研究外生最低工资约束对劳动所得税最优累进率和资本所得税最优税率的影响。我们发现，在一个具有风险厌恶主体的经济体中，对于具有约束性MWC的稳态最优税收，有以下两个结果：(i)资本税率为正，（ii）存在MWC时，劳动税收计划的累进程度低于不存在MWC时。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.