the initial capital income tax is not too high. -- Capital income taxation ; social security ; imperfect labor market …

important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate … policy ; tax-transfer system ; transitional dynamics …

important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate … policy ; tax-transfer system ; transitional dynamics …

analysis is novel in that we capture important elements of the tax-transfer system and fully take into account transitional … likely to entail huge welfare gains. -- Economic growth ; Endogenous technical change ; Optimal growth policy ; Tax …

neoclassical growth model to examine the future path of output, budget deficits, and debt in the U.S. economy under different tax … policies. While this framework is relatively simple, it incorporates the general equilibrium effects of tax policy, which are … projections. We also find that labor income tax rates higher than 40% are needed for the deficit-to-GNP ratio to return to its …

This paper explores the long-run impacts of tax policy in a two-country model of endogenous growth with variable labor … supply. We focus on international spillover effects of tax reforms under alternative trade structures. It is shown that if … financial flows, a change in tax policy in one country directly diffuses to the growth performance of the other country, even …

important elements of the tax-transfer system and accounts for transitional dynamics. Currently, for calculating corporate …

Harberger`s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects …-country regressions and numerical simulations, using a new methodology for estimating aggregate effective tax rates. Results show …