Arbeitspapier
Optimal taxation with capital accumulation and wage bargaining
This study examines optimal taxation in a unionized economy in which households save capital. The main findings are as follows. Judd?s (1985) and Chamley?s (1986) classical results of zero taxation on capital income holds. This is true independently of workers? savings behaviour or the capitalists? weight in the social welfare function. The steady-state optimal tax rates on wages and employment are specified. The consumption tax is needed for revenue raising purposes.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 966
- Classification
-
Wirtschaft
Trade Unions: Objectives, Structure, and Effects
Taxation and Subsidies: Efficiency; Optimal Taxation
- Subject
-
wage settlement
optimal taxation
capital accumulation
Optimale Besteuerung
Investition
Sparen
Lohnbildung
Gewerkschaftlicher Organisationsgrad
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Palokangas, Tapio
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Palokangas, Tapio
- Institute for the Study of Labor (IZA)
Time of origin
- 2003