The Intergenerational Effects of Tax Policy in an Overlapping Generations Model with Housing Assets

Artikel

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: KDI Journal of Economic Policy ; ISSN: 2586-4130 ; Volume: 40 ; Year: 2018 ; Issue: 2 ; Pages: 53-73 ; Sejong: Korea Development Institute (KDI)

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Fiscal Policy ; Taxation and Subsidies: Incidence ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
• Thema: Tax Policy ; Life Cycle ; Generation ; Housing

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lee, Young Wook
• Ereignis: Veröffentlichung
• (wer): Korea Development Institute (KDI)
• (wo): Sejong
• (wann): 2018

Weitere Informationen

• DOI: doi:10.23895/kdijep.2018.40.2.53
• Handle: http://hdl.handle.net/10419/200823
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ