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Title:On the equivalence between labor and consumption taxation PDF Logo
Authors:Panteghini, Paolo M.
Issue Date:2009
Series/Report no.:CESifo working paper 2593
Abstract:This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two-period model we show that such taxes let consumers make the same decisions, and can finance the same amount of government spending in each period.
Subjects:Consumption and labor taxation
equivalence
risk
JEL:H24
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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