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da Costa, Carlos E and Rodrigues Dos Santos, Marcelo (2018) Age-dependent taxes with endogenous human capital formation. International Economic Review, 59 (2). pp. 785-823. ISSN 0020-6598
Full text not available from this repository.Abstract
We assess the gains attained by the introduction of age-dependent labor income taxes in an overlapping generations economy where individuals live a meaningful life cycle and endogenously accumulate human capital. The model is sufficiently rich to isolate the role of general equilibrium effects, credit market imperfections, and different forms of human capital accumulation. The large welfare gains we obtain cannot be attained without age dependence, nor can they be attained with age-dependent taxes if progressivity of labor income taxes and capital income tax rates are not suitably adjusted to profit from the complementarity of these instruments.
| Item Type: | Article |
|---|---|
| Keywords: | Clinical Research, Basic Behavioral and Social Science, Behavioral and Social Science |
| Schools and Departments: | University of Sussex Business School > Economics |
| SWORD Depositor: | Mx Elements Account |
| Depositing User: | Mx Elements Account |
| Date Deposited: | 10 Oct 2022 12:17 |
| Last Modified: | 13 Dec 2022 10:23 |
| URI: | http://sro.sussex.ac.uk/id/eprint/108405 |