determinants of the optimal level of consumption taxation in relation to other taxes, as well as the optimal differentiation of … trade-offs in consumption taxation as well as point out important areas where more research is needed. …

history, and describes principles of tax administration and the construction of schedules. Tax shifting, optimal taxation … theory, and questions of tax justice are considered in depth. The book also contains a theory of business taxation and an … elaborate treatment of international taxation …

, taxation, most of it has been applied to environmental externalities, and the externalities that arise from the actions of …

This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the … relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities …—and the mapping between these functions and various forms of taxation. Different types of taxation as well as expenditures on …

theeffects of taxation - including income taxation, capital incometaxation and labor income taxation - distinguishes between …This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical … oflabor supply, taxation of income may induce agents to spend moreor less time on leisure activities. In the case of …

We introduce permanently-shifting income shares into a growth model with workers and capital owners. The model exactly … replicates the U.S. time paths of the top quintile income share, capital's share of income, and key macroeconomic variables from … partially offset by longer-term gains from higher transfers and more capital per worker. The baseline simulation delivers large …

We introduce permanently-shifting income shares into a growth model with workers and capital owners. The model exactly … replicates the U.S. time paths of the top quintile income share, capital's share of income, and key macroeconomic variables from … partially offset by longer-term gains from higher transfers and more capital per worker. The baseline simulation delivers large …

We characterize efficiency in an equilibrium model of investment and capital reallocation with heterogeneous firms … resale price of capital affects collateral constraints, and distributive externalities, because buyers of old capital are …-equilibrium price of old capital is inefficiently high, because the distributive pecuniary externality exceeds the collateral …