Optimal taxation and spending in general competitive growth models

@article{Judd1999OptimalTA,
  title={Optimal taxation and spending in general competitive growth models},
  author={Kenneth L. Judd},
  journal={Journal of Public Economics},
  year={1999},
  volume={71},
  pages={1-26}
}
  • K. Judd
  • Published 1999
  • Economics
  • Journal of Public Economics

Figures from this paper

A Case Against Zero Capital-Income Taxation
This paper develops a dynamic general equilibrium model to investigate the optimal level of capital income taxation in light of stochastic endogenous economic growth. Although endogenous human
Optimal Capital Income Taxation, Investment Subsidies and Redistribution in a Neoclassical Growth Model
In this paper I readdress the result that capital income taxes are bad instruments for pure redistribution and should be zero in the long run. In a neoclassical growth model a capital income cum
Capital Taxation and Rent Seeking
We find the optimal capital income tax rate in an imperfectly competitive economy, where some part of recourses is devoted to rent-seeking activity. Optimal tax offsets the difference between
On the Optimal Taxation in a Growth Model of the Mixed Economy
Previous studies of second-best taxation have shown that capital income shall not be taxed in the long run for some cases where individuals have infinite lives and a utility function of special form.
The Optimal Tax Rate for Capital Income is Negative
We examine the problem of optimal taxation in a dynamic economy with imperfectly competitive markets. We find that the optimal tax system will tend to provide subsidies for the purchase of capital
Growth, Taxation and Public Finance
In economics the relationship between economic growth, debt, taxation and spending is an important one. In this paper we will use an optimal control model to analyze such relationship further. We
Optimal Taxation with Commitment in a Two-sector Neoclassical Economy
This paper examines dynamic optimal income taxation problem in a two- sector neoclassical model where the government is able to commit to a sequence of tax plans for future. It finds that (1) while
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 28 REFERENCES
Redistributive Taxation in a Simple Perfect Foresight Model
Taxation, Savings, and Portfolio Choice in a Continuous Time Model
The continuous time model of consumption and portfolio choice is used to examine the effects of taxation of capital income. Several types of taxes on asset returns are analyzed. For utility functions
On the Optimal Taxation of Capital Income
One of the best known results in modern public finance is the Chamley-Judd result showing that the optimal tax rate on capital income is zero in the long-run. In this paper, we reexamine this result
Optimal Taxation and Public Production II: Tax Rules
set out the problem of using taxation and government production to maximize a social welfare function. We derived the first-order conditions, and considered the argument for efficiency in aggregate
Notes on the Tax Treatment of Human Capital
Section 1 presents a preliminary attempt at clarifying the ways in which taxes affect human capital accumulation. Section 2 outlines a simple general equilibrium model with two capital goods -
Fiscal Policy, Inflation and the Accumulation of Risky Capital
The effect of government policies on the level of investment and inflation has become a major concern of policy-makers in a number of industrial countries. Proposals to raise the level of business
Liquidity Constraints, Fiscal Policy, and Consumption
TAX POLICY AND TAX REFORM are important items on the current policy agenda. In evaluating alternative tax policies, decisionmakers must consider both their normative and positive impact; in
The Optimal Taxation of Heterogeneous Capital
I. Introduction, 589.—II. The model, 590.—III. The controlled economy, 592.—IV. Competitive behavior, 593.—V. Optimal factor taxation, 596.—VI. The nature of optimal taxes, 602.—VII. Optimal capital
The structure of indirect taxation and economic efficiency
Welfare Implications of the Taxation of Savings
Historically, the welfare aspects of the taxation of savings have mainly been discussed in the context of the relative merits of income and consumption (expenditure) taxation. These have long been
...
1
2
3
...