Arbeitspapier
Redistributive Capital Taxation Revisited
This paper shows that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 60%, which is significantly higher than the optimal rate of 48% in an identically calibrated model without capital-skill complementarity. The skill premium falls from 1.9 to 1.67 along the transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution from skilled to unskilled workers. These results show that a government that cares about redistribution should take into account capital-skill complementarity in production when setting the tax rate on capital income.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8627
- Klassifikation
-
Wirtschaft
Aggregate Factor Income Distribution
Wage Level and Structure; Wage Differentials
- Thema
-
capital taxation
capital-skill complementarity
inequality
redistribution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kina, Özlem
Slavik, Ctirad
Yazici, Hakki
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and Ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2020
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Kina, Özlem
- Slavik, Ctirad
- Yazici, Hakki
- Center for Economic Studies and Ifo Institute (CESifo)
Entstanden
- 2020
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