Bishop, John A; Chakraborti, Subhabrata; Thistle, Paul D - In: Scandinavian Journal of Economics 93 (1991) 3, pp. 421-37
The time consistent redistributive linear income tax rule is derived and it is shown that the results obtained in a static model only generally hold for the last period of the government's planning horizon. The tax policy earlier in the horizon also has to be chosen to affect capital...