Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23562
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSchindler, Dirken_US
dc.date.accessioned2009-01-29T16:29:50Z-
dc.date.available2009-01-29T16:29:50Z-
dc.date.issued2003en_US
dc.identifier.piurn:nbn:de:bsz:352-opus-11670-
dc.identifier.urihttp://hdl.handle.net/10419/23562-
dc.description.abstractWe show in a two-period world with endogenous savings and two assets,one of them exhibiting a stochastic return that an interest adjusted incometax is optimal. This tax leaves a safe component of interest income tax freeand taxes the excess return with a special tax rate. There is no trade offbetween risk allocation and efficiency in intertemporal consumption. Bothgoals are reached. As the resulting tax system divides income into threeparts, the tax can also be called a triple income tax. This distinction and aspecial tax rate on the excess return is necessary in order to have an optimalrisk shifting effect.en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aDiscussion paper series / Universität Konstanz, Center of Finance and Econometrics (CoFE) |x03/11en_US
dc.subject.jelH21en_US
dc.subject.ddc330en_US
dc.subject.keywordOptimal Taxationen_US
dc.subject.keywordUncertaintyen_US
dc.subject.keywordConsumption Taxen_US
dc.subject.keywordTriple Income Taxen_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwEinkommensteuerpolitiken_US
dc.subject.stwAusgabensteueren_US
dc.subject.stwRisikoen_US
dc.subject.stwTheorieen_US
dc.titleOptimal Income Taxation with a Risky Asset: The Triple Income Taxen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477673724en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

Files in This Item:
File
Size
59.04 kB





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