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Rising skill premium and the dynamics of optimal capital and labor taxation
Tsai, Yi-Chan; Yang, C. C.; Yu, Hsin-Jung - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1061-1099
With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment‐specific technological progress (ESTP) keeps pushing up the demand for skilled relative to unskilled labor and raising the skill premium. This paper quantitatively characterizes the...
Persistent link: https://www.econbiz.de/10013382065
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Skill-biasied Technological Change and Dynamic Capital Tax Design
Li, Wenjian - 2021
This paper studies optimal dynamic capital taxation under the progress of skill-biased technologyand finds a novel reason for taxing capital. We demonstrate that the optimal capital tax rate can be expressed as a function of time-invariable social welfare weights and a time-variable (a) skill...
Persistent link: https://www.econbiz.de/10013228425
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Redistributive Taxation with Skill Biased Technologies
Borri, Nicola; Reichlin, Pietro - 2022
We study the long run optimal redistributive tax structure on capital and labor in a dynamic model with heterogeneous labor productivities and skill biased technology. Assuming that the planner's actions are restricted by a log-linear (progressive) tax and transfer function of pre-tax labor...
Persistent link: https://www.econbiz.de/10013306286
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Dynamic fiscal policy
Hagedorn, Marcus - 2001
Persistent link: https://www.econbiz.de/10001581565
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Technological Change and Earnings Inequality in the U.S : Implications for Optimal Taxation
Brinca, Pedro; Duarte, João B.; Holter, Hans Aasnes; … - 2022
Since 1980 there has been a steady increase in earnings inequality alongside rapid technological growth in the U.S. economy. To what extent does technological change explain the observed increase in earnings dispersion? How does it affect the optimal progressivity of the tax system? To answer...
Persistent link: https://www.econbiz.de/10013405708
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Technological change and earnings inequality in the U.S. : implications for optimal taxation
Brinca, Pedro; Duarte, João; Holter, Hans A.; … - 2023
Since 1980, there has been a steady increase in earnings inequality alongside rapid technological growth in the U.S. economy. To what extent does technological change explain the observed increase in earnings dispersion? How does it affect the optimal progressivity of the tax system? To answer...
Persistent link: https://www.econbiz.de/10013548732
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Technological change and the decline of public investment
Debortoli, Davide; Gomes, Pedro - 2014 - This version: June 2014
Persistent link: https://www.econbiz.de/10012176175
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Modeling technological progress and investment in China : some caveats
Felipe, Jesus; McCombie, John S. L. - 2010
the use of neoclassical theory as the underpinning for the empirical implementations. It is often assumed that factor … theory. In this paper, we (1) review two examples of estimation of the rate of technical progress, and (2) discuss one … attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10008759406
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Modeling Technological Progress and Investment in China : Some Caveats
Felipe, Jesus - 2010
the use of neoclassical theory as the underpinning for the empirical implementations. It is often assumed that factor … theory. In this paper, we (1) review two examples of estimation of the rate of technical progress, and (2) discuss one … attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10013135132
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Redistributive income taxation with directed technical change
Loebbing, Jonas - 2020
What are the implications of (endogenous) directed technical change for the design of redistributive income taxes? I study this question in a Mirrleesian economy augmented to include endogenous technology development and adoption choices by firms. Under certain conditions, any progressive tax...
Persistent link: https://www.econbiz.de/10012383718