after 10 years. Additionally, an alternative policy of productivity investment subsidies proved costly and less effective in …

How do capital income taxes affect household portfolio choice and growth? We" approach this question within the context … of a stochastic model of a small open economy in" which taxes on income from domestic capital (equity) and foreign bonds … which a higher tax rate can be welfare improving. To" shed more light on the complex theoretical interaction between taxes …

channel for taxes to affect economic growth and enables us to discriminate the effects of taxes on total versus per capita … income growth. Allowing for capital mobility in the open economy, we show how the effects of taxes on population growth and …

analysis for the optimal taxation of factor incomes. It is shown that in general both capital and labor (human capital) taxes …

higher dividend taxes increase the cost of capital and show that the tax-induced increase in liquidity relaxes credit …

-acting force to the rapid increase in income inequality. Using a political-economy model where parties bargain over taxes and … determination, in particular budget rules, make the status quo levels of taxes and entitlements difficult to change. The second one …