English, Article edition: Tax Policy, the Macroeconomy, and Intergenerational Distribution Ben J. Heijdra; Jenny E. Ligthart

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Bookmark: http://trove.nla.gov.au/version/21946
Physical Description
  • article
Language
  • English

Edition details

Title
  • Tax Policy, the Macroeconomy, and Intergenerational Distribution
Author
  • Ben J. Heijdra
  • Jenny E. Ligthart
Physical Description
  • article
Notes
  • RePEc:imf:imfstp:v:49:y:2002:i:1:p:6
  • The paper studies the dynamic macroeconomic and welfare effects of tax policy in the context of an overlapping-generations model of the Yaari-Blanchard type for a closed economy. The model is extended to allow for endogenous labor supply and three tax instrumentsónamely, a capital tax, labor income tax, and consumption tax. It is shown that labor taxes increase welfare of old generations whereas capital and consumption taxes reduce their welfare. Copyright 2002, International Monetary Fund
  • RePEc:pal:imfstp:v:49:y:2002:i:1:p:6
Language
  • English
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