We analyze tax policies in an intertemporal economy with endogenous fertility under critical-level utilitarianism, both from a positive and a normative standpoint. On the positive side, we analyze the effects of a change in the tax on capital income and on fertility, both separately and combined so as to keep the per-capita public debt constant. On the normative side, we characterize the first- and second-best optimal tax structures, for both exogenous and endogenous labor supply.
Optimal Taxation, Critical-Level Utilitarianism and Economic Growth
SPATARO, LUCA;Renstrom T.
2012-01-01
Abstract
We analyze tax policies in an intertemporal economy with endogenous fertility under critical-level utilitarianism, both from a positive and a normative standpoint. On the positive side, we analyze the effects of a change in the tax on capital income and on fertility, both separately and combined so as to keep the per-capita public debt constant. On the normative side, we characterize the first- and second-best optimal tax structures, for both exogenous and endogenous labor supply.File in questo prodotto:
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