Comparing steady states of an overlapping-generations economy, Gary S. Becker and Nigel Tomes (1979) and James B. Davies (1986) have noted that redistributive taxation can be disequalizing. This paper solves for the full transition path of inequality after a redistributive tax increase. The...

This paper shows that the appropriate approach to calculating accrual equivalent marginal tax rates for nonaccrual taxes on personal financial investments is the relative-reduction-in-the-internal-rate-of-return approach, which equates the present values from the after-tax returns from an...

Average marginal tax rates (AMTRs), and the dispersion of marginal tax rates across income groups, for Canada over 1947-91 are reported. Federal AMTRs fluctuated with little trend from 1947 to the mid-1960s, rose to the mid-1970s, fell, and then rose from the early 1980s through to 1991. Federal...

Effective tax and subsidy rates (ETRs and ESRs) on human capital investment via post-secondary education are estimated for Canada in the years 2000 and 2006. The flattening of the federal personal income tax structure in 2001 substantially reduced the tax disincentive for investment in human...

We examine the publications of authors affiliated with an economics research institution in Canada in (1) the Top-10 journals in economics according to journals' impact factors, and (2) the Canadian Journal of Economics. We consider all publications in the even years from 1980 to 2000. Canadian...

In this paper, it is shown how subsidies for education and for the number of children affect economic growth, fertility, and welfare in an endogenous growth model with altruistic agents. Subsidizing education has not only a direct positive effect on growth but also an indirect positive effect on...

This paper develops an overlapping-generations model in which agents invest in health to prolong life in both working and retirement periods. It explores how unfunded social security with or without health subsidies affects life expectancy, economic growth, and welfare. In particular, by...

Two conflicting conclusions exist about the relationship between fertility and wage rates in steady-state equilibria in the literature. While Malthus and others predict a positive relation, R. J. Barro and G. S. Becker find a negative relation. Using several specifications of utility functions,...

effect on consumption in both the short and the long run, but has an ambiguous effect on donations.

In this paper we investigate the trade-off faced by regulators who must set a price for an intermediate good somewhere between the marginal cost and the monopoly price. We utilize a growth model with monopolistic suppliers of intermediate goods. Investment in innovation is required to produce a...