IMF Staff Papers, Vol.49, No.1, 2002
نویسندگان
چکیده
The paper studies the dynamic macroeconomic and welfare effects of tax policy in the context of an overlapping-generations model of the Yaari-Blanchard type for a closed economy. The model is extended to allow for endogenous labor supply and three tax instruments—namely, a capital tax, labor income tax, and consumption tax. It is shown that labor taxes increase welfare of old generations whereas capital and consumption taxes reduce their welfare. [JEL D60, H23, H63]
منابع مشابه
IMF Staff Papers 2002, Vol. 49, Special Issue
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