预算中性的资本税削减

Q3 Social Sciences
F. R. D. Ufourt, L. I. K. Erdelhué, O. C. P. Iétri, J. Benhabib, Antoine Devulder, A. Eyquem, Julien Matheron, C. Poilly, Jean‐Christophe Poutineau, Ludwig Straub, Fabien Tripier
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引用次数: 0

摘要

当政府受到严格的(每期)平衡预算约束时,我们在具有收入和财富异质性的内生劳动力异质代理模型中重新审视通过增加劳动税收来消除资本税收的规范政策。与非预算中性的对等物(与一段时间内恒定的税率和公共债务水平的永久增长有关)相比,我们表明,获得的劳动税率内生路径在初始阶段急剧上升,并随着时间的推移而下降。然后,该政策会在短期内造成更严重的衰退,在长期内造成更大的扩张,同时,由于出于预防动机而储蓄的动机降低,财富不平等的下降幅度也会变小。总的来说,这项政策仍然造成了平均福利的重大损失。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
BUDGET-NEUTRAL CAPITAL TAX CUTS
We revisit the canonical policy of eliminating capital taxation by increasing labor taxation in a endogenous-labor, heterogeneous-agent model with income and wealth heterogeneity, when the government is subject to a strict (per-period) balanced-budget constraint. By contrast with its non-budget neutral equivalent - associated with a constant tax rate over time and a permanent increase in the level of public debt - we show that the obtained endogenous path for the labor tax rate is sharply increasing in the initial period and decreasing over time. The policy then generates a deeper recession in the short-run and a greater expansion in the long-run, as well as a smaller decline in wealth inequality associated with a reduced incentive to save for precautionary motives. Overall, the policy still generates significant losses in average welfare.
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来源期刊
Annals of Economics and Statistics
Annals of Economics and Statistics Social Sciences-Social Sciences (miscellaneous)
CiteScore
0.80
自引率
0.00%
发文量
14
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