Arbeitspapier
Human Capital and Optimal Positive Taxation of Capital Income
This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not onlylabor income but also capital income is optimal. The positive tax on capital incomeserves to alleviate the distortions of the labor tax on human capital accumulation.The optimal marginal tax rate on capital income is lower than that on labor incomeif savings are elastic compared to investment in human capital; substitution betweeninputs in human capital formation is difficult; and most investments in human capitalare verifiable. Numerical calculations suggest that the optimal marginal tax rate oncapital income is close to the tax rate on labor income.
- Sprache
-
Englisch
- Erschienen in
-
Series: Tinbergen Institute Discussion Paper ; No. 05-035/3
- Klassifikation
-
Wirtschaft
- Thema
-
human capital
labor income taxation
capital income taxation
life cycle
education subsidies.
Kapitalertragsteuer
Optimale Besteuerung
Lebenszyklus
Bildungsinvestition
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jacobs, Bas
Bovenberg, A. Lans
- Ereignis
-
Veröffentlichung
- (wer)
-
Tinbergen Institute
- (wo)
-
Amsterdam and Rotterdam
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Jacobs, Bas
- Bovenberg, A. Lans
- Tinbergen Institute
Entstanden
- 2005
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