This study examines the fiscal effects of emigration. A dynamic macroeconomic framework is used. The net present value of the fiscal effects of different types of individuals’ emigration decisions is calculated. Individuals are differentiated w.r.t. age, gender, education, being immigrants or...

A reduction in capital tax rates generates substantial dynamic responses within the framework of the standard neoclassical growth model. The short-run revenue loss after a tax cut is partly — or, depending on parameter values, even completely — offset by growth in the long-run, due to the...