Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56148 
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dc.contributor.authorFlodén, Martinen
dc.date.accessioned2012-03-28T13:04:39Z-
dc.date.available2012-03-28T13:04:39Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x623en
dc.subject.jelE60en
dc.subject.jelH21en
dc.subject.ddc330en
dc.subject.keywordoptimal taxationen
dc.subject.keywordinequalityen
dc.subject.keywordredistributionen
dc.subject.stwOptimale Besteuerungen
dc.subject.stwKapitalertragsteueren
dc.subject.stwEinkommensumverteilungen
dc.subject.stwVermögenen
dc.subject.stwSteuerpolitiken
dc.subject.stwTheorieen
dc.titleWhy are capital income taxes so high?-
dc.typeWorking Paperen
dc.identifier.ppn509848710en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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