Arbeitspapier
Asymmetric capital-tax competition, unemployment and losses from capital market integration
In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in capital endowments, production technologies and rigid wages. Governments tax capital at the source to maximize national welfare. They account for tax base responses to their tax and take as given the world-market interest rate. We specify conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases in some countries (i) when moving from autarky to trade without taxation and/or (ii) when moving from trade without taxation to tax competition.
- Language
-
Englisch
- Bibliographic citation
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Series: MAGKS Joint Discussion Paper Series in Economics ; No. 2009,40
- Classification
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Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Taxes and Subsidies including sales and value-added (VAT)
International Fiscal Issues; International Public Goods
Unemployment: Models, Duration, Incidence, and Job Search
General Equilibrium and Welfare Economic Analysis of Regional Economies
International Investment; Long-term Capital Movements
- Subject
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capital taxation
asymmetric tax competition
rigid wages
unemployment
losses from trade
Kapitalertragsteuer
Steuerwettbewerb
Mehr-Länder-Modell
Allgemeines Gleichgewicht
Lohnrigidität
Arbeitslosigkeit
Außenhandelsliberalisierung
Internationale Kapitalmobilität
Außenhandelseffekt
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Pethig, Rüdiger
Kolleß, Frieder
- Event
-
Veröffentlichung
- (who)
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Philipps-University Marburg, Faculty of Business Administration and Economics
- (where)
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Marburg
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Pethig, Rüdiger
- Kolleß, Frieder
- Philipps-University Marburg, Faculty of Business Administration and Economics
Time of origin
- 2009
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