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Darmstadt Discussion Papers in Economics, Inst. f. VWL, TU Darmstadt >
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http://hdl.handle.net/10419/32053
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| Title: | | Optimal capital income taxation, investment subsidies and redistribution in a neoclassical growth model  |
| Authors: | | Rehme, Günther |
| Issue Date: | | 2007 |
| Series/Report no.: | | Darmstadt discussion papers in economics 188 |
| Abstract: | | In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum investment subsidy tax, which is not distorting accumulation, is considered to investigate if net capital income taxes used for pure redistribution are zero in a long-run optimum. I find that capital income taxes may be nonzero, depending on the political power of those who receive redistributive transfers, the distribution of pre-tax factor incomes, and the intertemporal elasticity of substitution. |
| Subjects: | | Growth Redistribution Investment Subsidies Capital Income Taxes |
| JEL: | | O41 H21 D33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Darmstadt Discussion Papers in Economics, Inst. f. VWL, TU Darmstadt
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