question in a continuous time life-cycle model. We demonstrate that the stream of uncertain income from human capital has … systematic effects on demand for the risky physical capital asset. If labor supply is inelastic and real wages are known with … labor income tax may actually raise demand for the risky capital asset if human capital risk and physical capital risk are …

financial assets effectively taxes wealth rather than capital income, leads to inequities and distortions. Owner …This paper looks at capital income taxation in the Netherlands from an international and domestic perpective. The …

that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high … model with regime-switching fiscal policy and finds that a capital income tax cut is stimulative to the extent that it is … future fiscal adjustments starts rising, and the expansionary effects of a capital income tax cut can diminish substantially …

The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open … the interest rate or on the price of capital equipment. Reductions in the federal corporate income tax rate during the …, contribute to the identification of the UCE. To capture the long-run relationship between the capital stock and the user cost of …

Do reductions in capital income taxes attract foreign capital and, at the same time, foster economic growth? This paper … examines the effect of capital income taxation on the international allocation of capital and on economic growth in a two …-country overlapping generations model with endogenous growth and internationally mobile capital. It shows that domestic capital taxes …

This paper discusses the strategic use of capital income taxation and lump-sum fiscal policies for gaining national … advantage in an integrated world capital market. Each fiscal authority seeks to maximize a social welfare function defined over … impose a non-discriminatory source-based capital income tax or subsidy along with an optimal lump-sum tax and transfer plan …

assumption of a one-period perturbation in the capital stock. Instead it allows a permanent investment. While this may appear a …- the EATR based on one-period perturbation in the capital stock would be less useful for analyzing medium and long …