that tax hikes needed to pay benefits along the developed world's demographic transition would lead to capital shortage … is aging rapidly, its saving behavior, growth rate, and fiscal policies are very different from those of developed …

. Therefore, tax changes seem to affect GDP mainly through substitution effects, rather than wealth effects. The combination of … average marginal income-tax rates. We cannot estimate reliable multipliers for non-defense purchases because of the lack of …-durables and services has only a small response. In a post-1950 sample, increases in average marginal income-tax rates (measured by …

the data, we allow for monopolistic competition as well as partial taxation of pure profit income. We update the sample to … 2010, thereby including recent increases in government spending and their fiscal consequences. We provide new tax rate data … labor taxation. …

the growth rate of consumption to the after-tax interest rate facing consumers. This large literature has, however … individuals in the capital income tax rate. Conditional on observable characteristics of individuals, tax rate movements cause … exogenous shifts in the after-tax interest rate. Using data on total non-durable consumption from the Consumer Expenditure …

frequently observed differential tax treatment of different asset classes, such as debt and equity claims. …

and non-linear income tax systems under the assumption that the social planner cannot or does not observe whether any …

This paper analyzes Pareto optimal non-linear taxation of profits and labor income in a private information economy … between becoming workers and entrepreneurs. I show that a tax system in which entrepreneurial profits and labor income must be … subject to the same non-linear tax schedule makes use of general equilibrium (or "trickle down'') effects through wages to …

-linear income tax. We then characterize this optimal tax schedule. If sectoral inputs are complements, a many-sector model with self …