Capital Taxation, Long-run Growth, and Bequests

Arbeitspapier

It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue-compensating cut in wage taxes (Uhlig and Yanagawa 1996; European Economic Review 40, 1521-1540) or with an expansion in productivity-increasing public services (Rivas 2003; European Economic Review 47, 477-503). The present paper demonstrates that these results critically hinge on the existence of a bequest motive. It is shown that a wage-tax cut is no longer growth-enhancing when bequests are operative. By way of contrast, increasing productive public services may well boost growth. The theoretical findings are illustrated by numerical simulations based on US data.

Angaben zum Objekt

• ISBN: 978-3-86788-126-5
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Ruhr Economic Papers ; No. 113

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Altruism; Philanthropy; Intergenerational Transfers ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes ; National Government Expenditures and Related Policies: General ; Economic Growth and Aggregate Productivity: General
• Thema: Capital income taxation ; public spending ; overlapping generations ; growth ; family altruism ; Kapitalertragsteuer ; Lohnsteuer ; Steuerreform ; Steuerwirkung ; Wirtschaftswachstum ; Erbe ; Privater Transfer ; Overlapping Generations ; Öffentliche Ausgaben ; Theorie ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kunze, Lars
• Ereignis: Veröffentlichung
• (wer): Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
• (wo): Essen
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/29932
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ