Arbeitspapier
Time-consistent consumption taxation
We characterise optimal tax policies when the government has access to consumption taxation and cannot credibly commit to future policies. We consider a neoclassical economy where factor income taxation is distortionary within the period, due to endogenous labour and capital utilisation and non-tax-deductibility of depreciation. Contrary to the case where only labour and capital income are taxed, the optimal time-consistent policies with consumption taxation are remarkably similar to their Ramsey counterparts. The welfare gains from commitment are negligible, while they are substantial without consumption taxation. Further, the welfare gains from taxing consumption are much higher without commitment.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 857
- Klassifikation
-
Wirtschaft
Fiscal Policy
Taxation and Subsidies: Efficiency; Optimal Taxation
- Thema
-
fiscal policy
Markov-perfect policies
consumption taxation
variable capital utilisation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Laczo, Sarolta
Rossi, Raffaele
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen Mary University of London, School of Economics and Finance
- (wo)
-
London
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Laczo, Sarolta
- Rossi, Raffaele
- Queen Mary University of London, School of Economics and Finance
Entstanden
- 2018
Ähnliche Objekte (12)
Optimal time-consistent taxation with default
Time Consistent Policy and the Structure of Taxation
Expansion of higher education and time-consistent taxation
The expansion of higher education and time-consistent taxation
Privacy, time consistent optimal labor income taxation and education policy
Time-consistent carbon pricing
Time-Consistent Criminal Sanctions
Optimal Taxation with Consumption Time as a Leisure or Labor Substitute
Time Consistent Matrimony with Endogenous Trust
Optimal time-consistent government debt maturity
Asymmetric and Non-atmospheric Consumption Externalities, and Efficient Consumption Taxation
Consumption taxation to finance pension payments
Optimal time-consistent taxation with default
Time Consistent Policy and the Structure of Taxation
Expansion of higher education and time-consistent taxation
The expansion of higher education and time-consistent taxation
Privacy, time consistent optimal labor income taxation and education policy
Time-consistent carbon pricing
Time-Consistent Criminal Sanctions
Optimal Taxation with Consumption Time as a Leisure or Labor Substitute
Time Consistent Matrimony with Endogenous Trust
Optimal time-consistent government debt maturity
Asymmetric and Non-atmospheric Consumption Externalities, and Efficient Consumption Taxation
Consumption taxation to finance pension payments
Optimal time-consistent taxation with default
Time Consistent Policy and the Structure of Taxation
Expansion of higher education and time-consistent taxation
The expansion of higher education and time-consistent taxation
Privacy, time consistent optimal labor income taxation and education policy
Time-consistent carbon pricing
Time-Consistent Criminal Sanctions
Optimal Taxation with Consumption Time as a Leisure or Labor Substitute
Time Consistent Matrimony with Endogenous Trust
Optimal time-consistent government debt maturity
Asymmetric and Non-atmospheric Consumption Externalities, and Efficient Consumption Taxation