Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10001369313
We develop a perfect foresight, overlapping generations model with intragenerational inequality and endogenous human and physical capital investment, and we calculate welfare costs for marginal reforms of taxation and public spending. Welfare costs are uniformly lower than in the equivalent...
Persistent link: https://www.econbiz.de/10012717000
Persistent link: https://www.econbiz.de/10007268624
Persistent link: https://www.econbiz.de/10007690836
Persistent link: https://www.econbiz.de/10007718016
We present analytic formulas for calculating marginal welfare costs when taxes are levied against the wages of a heterogeneous population of households and marginal tax revenue finances either the supply of a public good or lump-sum transfers. The formulas are applied to explain the wide...
Persistent link: https://www.econbiz.de/10014208639
We develop a perfect foresight, overlapping generations model with intragenerational inequality and endogenous human and physical capital investment, and we calculate welfare costs for marginal reforms of taxation and public spending. Welfare costs are uniformly lower than in the equivalent...
Persistent link: https://www.econbiz.de/10005568164
Persistent link: https://www.econbiz.de/10005782974