Optimal taxation in infinitely-lived agent and overlapping generations models: a review
A survey of the literature on optimal taxation both in infinitely-lived agent models and life-cycle economies suggests that no consensus emerges regarding the optimal tax rate on capital income. Although the tax rate is invariably zero in the long-run steady state of infinitely-lived agent models, t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2001.
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| Subjects: | |
| Online Access: | Get fulltext |