Intergenerational Allocation of Government Expenditures : Externalities and Optimal Taxation

Intergenerational Allocation of Government Expenditures : Externalities and Optimal Taxation

This paper studies optimal capital and labor income taxes when the benefits of public goods are age-dependent. Provided the government can impose a consumption tax, it can attain the first-best resource allocation. This involves the uniform taxation of the cohorts' labor income and a zero capit...

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Bibliographic Details
Main Authors: Iqbal, Kazi, Turnovsky, Stephen J.
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Taxation and Subsidies: Efficiency
Optimal Taxation H210
Personal Income and Other Nonbusiness Taxes and Subsidies
includes inheritance and gift taxes H240
Business Taxes and Subsidies including sales and value-added (VAT) H250
Public Goods H410
National Government Expenditures and Related Policies: General H500
National Budget
Budget Systems H610
Online Access:http://hdl.handle.net/10986/5868

Internet

http://hdl.handle.net/10986/5868

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