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Equilibrium security prices with capital income taxes and an exogenous interest rate
Rapp, Marc Steffen; Schwetzler, Bernhard - 2008
We are interested in the effect of capital income taxes upon security prices when investors face locally segmented stock markets and a global bond market. Therefore, we analyze an equilibrium model of an economy with binomial uncertainty, an exogenous risk-free interest rate and a representative...
Persistent link: https://www.econbiz.de/10010305709
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Tax reform, welfare and intergenerational redistribution
Hougaard Jensen, Svend Erik; Nielsen, Søren Bo; Haagen … - 1993
This paper analyses the effects of cuts in the marginal tax rates on income from labour and capital on the macroeconomy and on the intergenerational distribution of welfare in a small open economy. For this purpose we set up a computable general equilibrium model incorporating overlapping...
Persistent link: https://www.econbiz.de/10010397894
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Why are capital income taxes so high?
Flodén, Martin - 2006
The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This …
Persistent link: https://www.econbiz.de/10010281227
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Optimal factor income taxation in the presence of unemployment
Koskela, Erkki; Schöb, Ronnie - 2001
According to conventional wisdom internationally mobile capital should not be taxed or should be taxed at a lower rate than labour. An important underlying assumption behind this view is that there are no market imperfections, in particular that labour markets clear competitively. At least for...
Persistent link: https://www.econbiz.de/10010284989
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Taxation and unemployment: an applied general equilibrium approach for Germany
Boeters, Stefan; Böhringer, Christoph; Feil, Michael - 2002
This paper presents an applied general equilibrium model for Germany. The model integrates specific labour market institutions in an otherwise standard general equilibrium framework. There are sectoral wage negotiations for two skill types of workers between firms and trade unions. The...
Persistent link: https://www.econbiz.de/10010298083
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Endogenous selection of comparison groups, human capital formation, and tax policy
Stark, Oded; Hyll, Walter; Wang, Yong - 2011
This paper considers a setting in which the acquisition of human capital entails a change of location in social space that causes individuals to revise their comparison groups. Skill levels are viewed as occupational groups, and moving up the skill ladder by acquiring additional human capital,...
Persistent link: https://www.econbiz.de/10010323667
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Optimal Timing of Tax Policy in the Face of Projected Debt Increases
Ball, Chris; Creedy, John; Scobie, Grant - 2016
This paper examines the optimal time path of the tax rate, in a model where an increasing ratio of government debt to GDP is projected in the absence of policy changes.
Persistent link: https://www.econbiz.de/10012115708
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Entrepreneurship and Institutions
Henrekson, Magnus - 2007
In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with other factors of production in search of economic rents. The institutional setup is argued to determine both the supply and direction of entrepreneurial activity. Four key...
Persistent link: https://www.econbiz.de/10010320095
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Entrepreneurship and the Theory of Taxation
Henrekson, Magnus; Sanandaji, Tino - 2008
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions … entrepreneurship often omitted by standard capital taxation theory are incorporated into the analysis. This includes the lack of a well … cannot be readily divided into labor and capital income, in stark contrast to what is assumed in standard taxation theory …
Persistent link: https://www.econbiz.de/10010320176