This paper analyzes the consequences of lifting from labor some of the burden of taxation in a life-cycle two-sector setup where a consumption good is produced alongside a capital good. The analysis focuses on the implications of alternative ways of financing payroll tax cuts in closed and...

This article studies the implications of consumption taxation on capital accumulation in a one-sector endogenous growth model with finite horizons. A tax on consumption, when tax revenues are lump-sum rebated to consumers, redistributes income between living generations and future, still unborn,...

type="main" xml:lang="en" <p>This paper analyses the steady-state effects of inflation on capital accumulation within an optimizing monetary growth model with liquidity costs and an endogenous labour supply. It is assumed that consumption and leisure are perfect complements in the preferences of...</p>