Sökning: WFRF:(Johansson Stenman Olof 1966) >
Social Comparisons ...
Social Comparisons and Optimal Taxation in a Small Open Economy
-
- Aronsson, Thomas, 1963- (författare)
- Umeå universitet,Nationalekonomi
-
- Johansson-Stenman, Olof, 1966 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
-
- Sjögren, Tomas, 1967- (författare)
- Umeå universitet,Nationalekonomi
-
(creator_code:org_t)
- Göteborg : Umeå University, 2016
- Engelska 33 s.
-
Serie: Working Papers in Economics (online), 1403-2465
- Relaterad länk:
-
https://swopec.hhs.s...
-
visa fler...
-
https://umu.diva-por... (primary) (Raw object)
-
https://urn.kb.se/re...
-
https://gup.ub.gu.se...
-
visa färre...
Abstract
Ämnesord
Stäng
- Almost all previous studies on optimal taxation and status consumption are based on closed model-economies. This paper analyzes how international capital mobility – which may constrain the use of capital income taxation – affects the optimal redistributive income tax policy in a small open economy when consumers care about their relative consumption. If the government can perfectly observe (and tax) returns on savings abroad, it is shown that the policy rules for marginal labor and capital income taxation derived for a closed economy largely carry over to the small open economy analyzed here. However, if these returns are unobserved by the government, the marginal tax policy rules will be very different from those pertaining to closed model-economies. In this case, capital income taxes on domestic savings will be completely ineffective, since such taxes would induce the consumers to move their savings abroad. The labor income tax must then indirectly also reflect the corrective purpose that the absent capital income tax would otherwise have had.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Optimal taxation
- relative consumption
- positional goods
- capital mobility
- small open economy
- nationalekonomi
- Economics
- Optimal taxation
- relative consumption
- positional goods
- capital mobility
- small open economy
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)