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. Thus, contrary to the theory developed by Barro and a number of subsequent writers, an operative bequest motive need not …
Persistent link: https://www.econbiz.de/10012477007
Three ways of averting "excess saving" have been emphasized in both theory and practice. The thrust of the Keynesian …
Persistent link: https://www.econbiz.de/10012478874
This lecture examines the effects of tax policy and social security retirement benefits on capital accumulation and economic welfare. The paper begins by examining how capital income taxes reduce the real return to savers and then discusses the welfare loss of capital income taxation relative to...
Persistent link: https://www.econbiz.de/10012474022