Redistributive capital taxation revisited

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F24%3A00585329" target="_blank" >RIV/67985998:_____/24:00585329 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/24:00585328
Result on the web
<a href="https://doi.org/10.1257/mac.20200395" target="_blank" >https://doi.org/10.1257/mac.20200395</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1257/mac.20200395" target="_blank" >10.1257/mac.20200395</a>

Result language
angličtina
Original language name
Redistributive capital taxation revisited
Original language description
This paper uses a rich quantitative model with endogenous skill acquisition to show that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 67 percent, while it is 61 percent in an identically calibrated model without capital-skill complementarity. The skill premium falls from 1.9 to 1.84 along the transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution from skilled to unskilled workers. These results show that a redistributive government should take into account capital-skill complementarity when taxing capital.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics

Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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