Spataro, Luca and Renstroem, Thomas (2010) 'Optimal taxation, critical-level utilitarianism and economic growth.', Working Paper. Durham University, Durham.
In this work we analyze the issue of taxation in an intertemporal economywith endogenous fertility under critical-level utilitarianism, both from apositive and normative standpoint. On the positive side we analyse theeffects of a change in the tax on capital income and on the population size,both separately and in a policy aiming at maintaining per-capita debtconstant. On the normative side, we characterize the first-best and second-best optimal tax structures both when labour supply is exogenous andendogenous.
|Item Type:||Monograph (Working Paper)|
|Keywords:||Taxation, Endogenous fertility, Critical level Utilitarianism, Population, JEL classifcation: D63 H21 J13 O40.|
|Full text:||PDF - Published Version (530Kb)|
|Publisher Web site:||http://www.dur.ac.uk/business/faculty/working-papers/|
|Record Created:||07 Dec 2012 10:37|
|Last Modified:||16 Oct 2013 13:29|
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