Hidden Bibliographic Details
| Other authors / contributors: | Ligthart, Johanna Elisabeth.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 9781451904604
1451904606
1462354904
9781462354900
1452721939
9781452721934
1282110837
9781282110830
9786613803719
6613803715
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| Notes: | Includes bibliographical references (pages 28-29).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three tax instruments: a capital income tax, labor income tax, and consumption tax. Analytical expressions and simple diagrams are used to discuss the impact, transition, and long-run effects of tax policy changes. It is shown that a part of the long-run incidence of capital and consumption taxes falls on capital when households' horizons are finite, whereas labor would fully bear the burden of these taxes in an infinite horizon model.
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| Other form: | Print version: Heijdra, Ben J. Dynamic macroeconomic effects of tax policy in an overlapping generations model. [Washington, D.C.] : International Monetary Fund, ©1998
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