文章基本信息

标题：Optimal age specific income taxation
本地全文：下载
作者：Jean-Marie LOZACHMEUR
期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2002
卷号：2002
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：This paper studies optimal earnings taxation in a three period life cycle model where the taxes raised to ﬁnance an exogenous amount of public expenditure are allowed to be diﬀerentiated across ages. Agents choose their level of education when young and their age of retirement when old. We ﬁrst look at the problem of optimal taxation when the young can borrow and then turn to the case where young face borrowing constraints. It is shown that, without borrowing constraints, a ﬁrst best optimum can be decentralized by setting a zero tax rate in the third period and a ﬁrst period tax lower than the second one. With the borrowing constraint, the government may not be able restore intertemporal eﬃciency in which case a zero tax rate when old may not be optimal.
关键词：Life cycle, Optimal income taxation.