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Optimal taxation, critical-level utilitarianism and economic growth

Spataro, Luca; Renstroem, Thomas

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Authors

Luca Spataro

Thomas Renstroem



Abstract

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.

Citation

Spataro, L., & Renstroem, T. (2010). Optimal taxation, critical-level utilitarianism and economic growth

Publication Date Jan 1, 2010
Deposit Date Dec 7, 2012
Publicly Available Date Dec 7, 2012
Series Title Durham University Business School Economics Finance Accounting Working Papers
Keywords Taxation, Endogenous fertility, Critical level Utilitarianism, Population, JEL classifcation: D63 H21 J13 O40.
Publisher URL http://www.dur.ac.uk/business/faculty/working-papers/

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