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Persistent link: https://www.econbiz.de/10011934919
This study examines optimal taxation in a unionized economy in which households save capital. The main findings are as follows. Judd?s (1985) and Chamley?s (1986) classical results of zero taxation on capital income holds. This is true independently of workers? savings behaviour or the...
Persistent link: https://www.econbiz.de/10010261659
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...
Persistent link: https://www.econbiz.de/10010264217
We analyze a generalized neoclassical growth model that combines a normalized CES production function and possible asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the impact of factor substitution and income distribution...
Persistent link: https://www.econbiz.de/10010264251
den Entwicklungsländern ist ein wichtiger Gegenstand der Entwicklungsforschung. Jedoch wurde die Investition als eine … Investition in den nicht-landwirtschaftlichen Sektor als eine wichtige Sparmotivation für ländliche Haushalte zu betrachten ist … ländlichen Haushalte verstärkt sparen. Die Manager der TVEs haben große Motivation zu sparen, um ein kollektives TVE unter dem …
Persistent link: https://www.econbiz.de/10010265909
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...
Persistent link: https://www.econbiz.de/10010268642
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10010268981
Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. In this paper, I provide an empirical characterization of the composition of GDP levels and growth rates for the key emerging markets and other...
Persistent link: https://www.econbiz.de/10010269529
There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...
Persistent link: https://www.econbiz.de/10010271339
Economists have been interested in the degree of international capital mobility for a variety of reasons. E.g., the extent to which public deficits crowd out domestic investments depends on the ease with which domestic firms may access the international capital market. The welfare reduction due...
Persistent link: https://www.econbiz.de/10010275133