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Public investment, factor income taxation, and intergenerational welfare distribution in an overlapping generations model
http://hdl.handle.net/2237/0002011632
http://hdl.handle.net/2237/000201163240b2efc3-7127-4cb8-9da6-39deeea10338
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
yb_tt_tax_20240417.pdf (2 MB)
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| アイテムタイプ | itemtype_ver1(1) | |||||||
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| 公開日 | 2024-10-15 | |||||||
| タイトル | ||||||||
| タイトル | Public investment, factor income taxation, and intergenerational welfare distribution in an overlapping generations model | |||||||
| 言語 | en | |||||||
| 著者 |
Tamai, Toshiki
× Tamai, Toshiki
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| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||
| 権利 | ||||||||
| 権利情報 | This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s00712-024-00875-w | |||||||
| 言語 | en | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | This paper examines intergenerational welfare effects of public investment financed by factor income taxes in a perpetual-youth overlapping generations model. With elastic labor supply, our analysis shows that long-run employment increases as the tax rate on capital income increases. The positive long-run effect of capital income taxation on employment weakens the negative growth effect of tax distortion. In contrast, the long-run employment might decrease as the tax rate on labor income increases. Hence, the negative long-run effect of labor income taxation on employment strengthens the negative growth effect due to the tax distortion. Finally, this paper reveals that older people with more financial wealth suffer more significant welfare loss from the increased tax on each capital and labor income than younger people if the increased tax impedes economic growth. Furthermore, the increased tax harms the younger generations more than the older generations at the aggregate level because they have a larger population than the older people. However, the negative welfare effects of labor income taxation are stronger than those of capital income taxation because of the negative effect of labor income taxation on employment, which leads to a lower equilibrium growth rate. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | Springer | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプresource | http://purl.org/coar/resource_type/c_6501 | |||||||
| タイプ | journal article | |||||||
| 出版タイプ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
| 関連情報 | ||||||||
| 関連タイプ | isVersionOf | |||||||
| 識別子タイプ | DOI | |||||||
| 関連識別子 | https://doi.org/10.1007/s00712-024-00875-w | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | PISSN | |||||||
| 収録物識別子 | 0931-8658 | |||||||
| 書誌情報 |
en : Journal of Economics 巻 143, 号 3, p. 211-245, 発行日 2024-12 |
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| ファイル公開日 | ||||||||
| 日付 | 2025-12-01 | |||||||
| 日付タイプ | Available | |||||||
