Fiscal competition for imperfectly-mobile labor and capital: A comparative dynamic analysis
نویسندگان
چکیده
منابع مشابه
Labor and capital income taxation , fiscal competition , and the distribution of wealth *
This paper studies optimum income taxation in a small open economy where households differ with respect to their endowments with wealth. The government raises taxes on income from labor and wealth and a source tax on capital used in domestic production. To avoid taxes, households may, at some cost, shift capital to labor income and vice versa. The government can only observe income after shifti...
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Neoclassical economists argue that competition promotes efficiency. They consider technology as given though. In the long run technological progress is an important determinant of the level of welfare and Schumpeter argued that monopoly rents help entrepreneurs to capture the gains of R&D and hence to invest in it. We investigate the overall effect of competition on performance. Performance is ...
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With the recent special issue of the Journal of Labor Economics on the topic, the concept of monopsony in the labor market seems to have achieved a new respectability as a formulation of wage setting institutions in labor markets. (See Ashenfelter, Farber, Ransom (2010) for a summary.) However, in the "new monopsony" literature, the market environment is not one in which a single buyer faces a ...
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ژورنال
عنوان ژورنال: Journal of Public Economics
سال: 2011
ISSN: 0047-2727
DOI: 10.1016/j.jpubeco.2010.11.014