Rent Taxation in a Small Open Economy: The Effect on Transitional Generations

We show that taxation of rents may yield an intergenerational Pareto-improvement in a small open economy provided tax revenues are earmarked to reduce wage taxes. Previous literature has shown that rent taxation benefits current young and future generations, while we show that it also benefits the current old generation when the initially prevailing tax mix is sufficiently skewed towards wage taxation.

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Year of publication:	2007-01
Authors:	Koethenbuerger, Marko ; Poutvaara, Panu
Institutions:	Institute for the Study of Labor (IZA)
Subject:	rent taxes \| capitalization \| transitional dynamics \| labor supply \| asset prices

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Extent:	application/pdf
Series:	IZA Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2559 13 pages
Classification:	H22 - Incidence ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; F02 - International Economic Order; Economic Integration and Globalization: General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005703439