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Author : Ben J. Heijdra
Release : 1998
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis The Dynamic Macroeconomic Effort of Tax Policy in an Overlapping Generations Model by : Ben J. Heijdra
Download or read book The Dynamic Macroeconomic Effort of Tax Policy in an Overlapping Generations Model written by Ben J. Heijdra. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Jenny Elisabeth Ligthart
Release : 1998-12-01
Genre : Business & Economics
Kind : eBook
Book Rating : 244/5 ( reviews)
Book Synopsis The Dynamic Macroeconomic Effects of Tax Policy in an Overlapping Generations Model by : Ms.Jenny Elisabeth Ligthart
Download or read book The Dynamic Macroeconomic Effects of Tax Policy in an Overlapping Generations Model written by Ms.Jenny Elisabeth Ligthart. This book was released on 1998-12-01. Available in PDF, EPUB and Kindle. Book excerpt: The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple diagrams are used to discuss the impact, transition, and long-run effects of tax policy changes. It is shown that a part of the long-run incidence of capital and consumption taxes falls on capital when households’ horizons are finite, whereas labor would fully bear the burden of these taxes in an infinite horizon model.
Author : Chung Tran
Release : 2017
Genre :
Kind : eBook
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Book Synopsis On the Marginal Excess Burden of Taxation in an Overlapping Generations Model by : Chung Tran
Download or read book On the Marginal Excess Burden of Taxation in an Overlapping Generations Model written by Chung Tran. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: We quantify marginal excess burden, defined as the change in deadweight loss for an additional dollar of tax revenue, for different taxes. We use a dynamic general equilibrium, overlapping generations model featured with heterogeneous agents and a realistic structure of corporate finance and taxes. Our main results, based on an economy calibrated to Australian data, indicate that company taxes are more distorting than personal income and consumption taxes. Specifically, the marginal excess burden for the company income tax is 83 cents per dollar of tax revenue raised, compared to 34 cents and 24 cents for the personal income and consumption taxes, respectively. A broader analysis of more tax instruments confirm that the relatively larger excess burden of company taxes ultimately falls on households. Importantly, the marginal excess burden is distributed unevenly across skill types, generations and ages. This highlights political challenges when obtaining popular support for raising taxes. Hence, our analysis demonstrates that marginal excess burden can be a useful tool for evaluating both efficiency and distributional implications of a tax increase at the margin.
Author : Youngwook Lee
Release : 2018
Genre :
Kind : eBook
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Book Synopsis The Intergenerational Effects of Tax Policy in an Overlapping Generations Model with Housing Assets by : Youngwook Lee
Download or read book The Intergenerational Effects of Tax Policy in an Overlapping Generations Model with Housing Assets written by Youngwook Lee. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Using an overlapping generations model, this paper examines tax policy effects across generations. The model incorporates housing assets separately from capital assets and includes taxes on labor income, capital income, consumption and housing assets. Tax reforms for each tax rate have different effects on tax burdens across generations and the overall efficiency of the economy, leading to different welfare costs for generations. Specifically, raising housing property taxes results in the smallest welfare loss by future generations, as in the model it does not hurt economic efficiency and the tax burden increases mainly for the elderly, who have accumulated housing assets in preparation for retirement.
Author : Peter B. Dixon
Release : 2013-11-14
Genre : Business & Economics
Kind : eBook
Book Rating : 353/5 ( reviews)
Book Synopsis Handbook of Computable General Equilibrium Modeling by : Peter B. Dixon
Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon. This book was released on 2013-11-14. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 17 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy
