Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/83731 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Papers No. 2010-05
Verlag: 
Banco de México, Ciudad de México
Zusammenfassung: 
Using Mexican data on household time use and consumption, we find significant substitution between goods and time in home production and different elasticities of substitution for different household commodities. Adding these findings to the Ramsey optimal tax problem, we show it is optimal to impose higher taxes on market goods used in the production of commodities with a lower elasticity of substitution between goods and time. The reason is that government wants to minimize the distortionary substitution from market purchases toward untaxed time use in home production. This is an analog of the classical Corlett and Hague (1953-1954) result, differing in that we allow for the possibility of substitution between goods and time in the production of commodities. Leaving aside distributional considerations, we conclude that higher taxes should be imposed on market goods used in the production of `Eating' and lower taxes imposed on market goods used in the production of `Recreation'.
Schlagwörter: 
Optimal taxation
Time use
Elasticity of substitution
JEL: 
H21
J22
D13
Dokumentart: 
Working Paper
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