EconStor >
Stockholm School of Economics >
EFI - The Economic Research Institute, Stockholm School of Economics >
SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/56148
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorFlodén, Martinen_US
dc.date.accessioned2012-03-28T13:04:39Z-
dc.date.available2012-03-28T13:04:39Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/56148-
dc.description.abstractThe Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This result holds even if the social planner only cares about workers that do not hold assets, or if the planner only cares about any other group in the economy. This paper demonstrates that although all households agree that capital income taxation should be eliminated in the long run, they do not agree on how to eliminate these taxes. Wealthy households would prefer a reform that is funded mostly by higher taxes on labor income while households with little wealth would prefer a reform that is funded mostly by high taxes on initial wealth. Pareto improving reforms typically exist, but the welfare gains of such reforms are modest.en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 623en_US
dc.subject.jelE60en_US
dc.subject.jelH21en_US
dc.subject.ddc330en_US
dc.subject.keywordoptimal taxationen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordredistributionen_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwKapitalertragsteueren_US
dc.subject.stwEinkommensumverteilungen_US
dc.subject.stwVermögenen_US
dc.subject.stwSteuerpolitiken_US
dc.subject.stwTheorieen_US
dc.titleWhy are capital income taxes so high?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn509848710en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

Files in This Item:
File Description SizeFormat
509848710.pdf215.37 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.