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http://hdl.handle.net/10419/20202
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| Title: | | Optimal taxation with capital accumulation and wage bargaining  |
| Authors: | | Palokangas, Tapio |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 966 |
| Abstract: | | 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 capitalists? weight in the social welfare function. The steady-state optimal tax rates on wages and employment are specified. The consumption tax is needed for revenue raising purposes. |
| Subjects: | | wage settlement optimal taxation capital accumulation |
| JEL: | | J51 H21 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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