Macroeconomic and redistributional effects of consumption taxes in the usa

Sagiri Kitao

研究成果: Article査読

2 被引用数 (Scopus)

抄録

This paper studies the effect of an increase in consumption taxes using a dynamic general equilibrium model of overlapping generations calibrated to the US economy. When the proceeds are used to reduce income taxes, the reform raises the aggregate capital and labour supply in the long run. Workers increase labour supply immediately in response to the reform, while consumption rises only gradually. The tax reform also transfers wealth from old consumers to young consumers. As a result, while future generations experience significant welfare gains, current generations, particularly old consumers, tend to experience sizable welfare losses. When the proceeds are used for a lump-sum transfer, the aggregate capital and labour both decrease in the long run. This reform is welfare-improving for the current low-income households.

本文言語English
ページ(範囲)63-81
ページ数19
ジャーナルJapanese Economic Review
62
1
DOI
出版ステータスPublished - 2011 3 1

ASJC Scopus subject areas

  • 経済学、計量経済学

フィンガープリント

「Macroeconomic and redistributional effects of consumption taxes in the usa」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル