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Optimal taxation with capital accumulation and wage bargaining

Palokangas, Tapio - 2003

This study examines optimal taxation in a unionized economy in which households save capital. The main findings are as follows. Judd?s (1985) and Chamley?s (1986) classical results of zero taxation on capital income holds. This is true independently of workers? savings behaviour or the...

Persistent link: https://www.econbiz.de/10010261659

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. - 2008

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10010268642

The impact of education on the subjective discount rate in Ugandan villages

Bauer, Michal; Chytilová, Julie - 2009

Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...

Persistent link: https://www.econbiz.de/10010268981

Rebalancing growth in Asia

Prasad, Eswar S. - 2009

growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances … region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment …

Persistent link: https://www.econbiz.de/10010269529

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339

Measuring international capital mobility: A critical assessment of the use of saving and investment correlations

Sinn, Stefan - 1991

Economists have been interested in the degree of international capital mobility for a variety of reasons. E.g., the extent to which public deficits crowd out domestic investments depends on the ease with which domestic firms may access the international capital market. The welfare reduction due...

Persistent link: https://www.econbiz.de/10010275133

The Feldstein-Horioka paradox: A selective survey of the literature

Lapp, Susanne - 1996

between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be … imperfections in causing saving-investment corrrelations has hardly been investigated so far. …

Persistent link: https://www.econbiz.de/10010275364

Wie mobil ist Kapital? Empirische Evidenz für Deutschland

Lapp, Susanne - 1996

and Investment rates. It is shown that the correlation of regional saving and Investment rates in Germany decreased … correlation between saving and investment. Whereas in the time period 1975-1982 the correlation for the economy as a whole was …

Persistent link: https://www.econbiz.de/10010275534