Narrow search
Showing 1 - 3 of 3
Cover Image
Is Debt Neutral in the Life Cycle Model?
Kotlikoff, Laurence J. - 2010
This paper questions the widely accepted view that deficits have real effects in the life cycle model. Standard analyses of deficits within life cycle models treat the government as a dictatorial entity that can effect any intergenerational redistribution it desires. In contrast, this paper...
Persistent link: https://www.econbiz.de/10012760317
Cover Image
What Does the Corporate Income Tax Tax? A Simple Model Without Capital
Kotlikoff, Laurence J. - 2010
The economics workings of the corporate income tax remain controversial. Harberger's seminal 1962 article viewed the … triggers the firm's classification as a corporation subject to income taxation. But going public has an upside. It permits …
Persistent link: https://www.econbiz.de/10013140993
Cover Image
Does the Harberger Model Greatly Understate the Excess Burden of the Corporate Tax? - Another Model Says Yes
Gravelle, Jane; Kotlikoff, Laurence J. - 2021
An important deficiency in Harberger's (1962) model of corporate income taxation is its inability to consider both … corporation income tax. The model has two key characteristics. First, corporate and noncorporate firms produce (with identical … much larger excess burden from corporate income taxation. The incidence of the corporate tax can also differ dramatically …
Persistent link: https://www.econbiz.de/10013221311