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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26202
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| Title: | | Rent taxation and its intertemporal welfare effects in a small open economy  |
| Authors: | | Koethenbuerger, Marko Poutvaara, Panu |
| Issue Date: | | 2007 |
| Series/Report no.: | | CESifo working paper 2158 |
| Abstract: | | Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase utility of the current generation provided tax revenues are earmarked to reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially prevailing tax mix is sufficiently skewed towards wage taxation. |
| Subjects: | | rent taxes capitalization transitional dynamics labor supply asset prices |
| JEL: | | H22 E62 F02 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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