Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/19968
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dc.titleOptimal taxation in a growth model with public consumption and home production
dc.contributor.authorZhang, J.
dc.contributor.authorDavies, J.
dc.contributor.authorZeng, J.
dc.contributor.authorMcDonald, S.
dc.date.accessioned2011-02-24T06:55:03Z
dc.date.available2011-02-24T06:55:03Z
dc.date.issued2008
dc.identifier.citationZhang, J., Davies, J., Zeng, J., McDonald, S. (2008). Optimal taxation in a growth model with public consumption and home production. Journal of Public Economics 92 (3-4) : 885-896. ScholarBank@NUS Repository.
dc.identifier.issn00472727
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/19968
dc.description.abstractIn a neoclassical growth model with public consumption, we show the following Pareto optimal tax rules. The government should tax leisure and private consumption at the same rate, and subsidize net investment at the same rate it taxes net capital income. Also, it should tax capital income more heavily than labor income. In an extension for home production, the additional rule is to tax investment for home production at the same rate of the tax on private market consumption. These tax and subsidy rates should be constant over time except the initial tax rate on capital income.©2007 Elsevier B.V. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jpubeco.2007.09.008
dc.sourceScopus
dc.subjectHome production
dc.subjectInvestment
dc.subjectOptimal taxation
dc.subjectPublic consumption
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.sourcetitleJournal of Public Economics
dc.description.volume92
dc.description.issue3-4
dc.description.page885-896
dc.description.codenJPBEB
dc.identifier.isiut000254397600028
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