Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10011481103
. We characterize a class of environments in which the tax on labor goes to zero in the long run, while the tax on capital … income may be non-zero, reversing the standard prediction of the Ramsey tax literature. The zero labor tax is an optimal long … sovereign debt constraints. The front loading of labor taxes allows the economy to build a large (aggregate) debt position in …
Persistent link: https://www.econbiz.de/10013120194
Persistent link: https://www.econbiz.de/10009349180
Persistent link: https://www.econbiz.de/10011592949