prikaz prve stranice dokumenta Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?
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Scientific paper - Original scientific paper
Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?
Occasional Paper Series, 11 (2007), 30; 1-17. https://doi.org/10.3326/ops.30
Medak Fell, Danijela

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Medak Fell, D. (2007). Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?. Occasional Paper Series, 11. (30), 1-17. doi: 10.3326/ops.30

Medak Fell, Danijela. "Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?." Occasional Paper Series, vol. 11, no. 30, 2007, pp. 1-17. https://doi.org/10.3326/ops.30

Medak Fell, Danijela. "Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?." Occasional Paper Series 11, no. 30 (2007): 1-17. https://doi.org/10.3326/ops.30

Medak Fell, D. (2007) 'Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?', Occasional Paper Series, 11(30), pp. 1-17. doi: 10.3326/ops.30

Medak Fell D. Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?. Occasional Paper Series [Internet]. 2007 January 01 [cited 2024 April 16];11(30):1-17. doi: 10.3326/ops.30

D. Medak Fell, "Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?", Occasional Paper Series, vol. 11, no. 30, pp. 1-17, January 2007. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:242:263347. [Accessed: 16 April 2024]

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Metadata
Title (english)Can capital income tax improve welfare in an incomplete market economy with a labor-leisure decision?
AuthorDanijela Medak Fell
Author's institutionInstitute of Public Finance
Author's institutionUniversity of Zagreb
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
This paper is a quantitative exercise in the economic analysis of optimal fiscal policy. We look at an incomplete market economy where agents face idiosyncratic labor productivity shocks and borrowing constraints. We find the steady state equilibrium of this economy and then analyze the effect of a government policy introducing a capital income tax and redistributing the proceeds of tax collection back to the agents in the form of a labor subsidy. We find that this type of policy can indeed improve the welfare of the economy, but its quantitative effect is small. We thus conclude that using capital income tax as fiscal policy instrument is not an effective way to cure the problem of market incompleteness.
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleOccasional Paper Series
Numberingvol. 11, no. 30, pp. 1-17
e-ISSN1333-9311
DOIhttps://doi.org/10.3326/ops.30
URN:NBNurn:nbn:hr:242:263347
Publication2007-01-01
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2021-06-28 15:47:26