Optimal taxation, critical-level utilitarianism and economic growth

Spataro, L.; Renstrom, T.

Abstract

We analyze tax policies in an intertemporal economy with endogenous fertility under critical-level utilitarianism, both from a positive and a normative standpoint. On the positive side, we analyze the effects of a change in the tax on capital income and on fertility, both separately and combined so as to keep the per-capita public debt constant. On the normative side, we characterize the first- and second-best optimal tax structures, for both exogenous and endogenous labor supply.

Citation

Spataro, L., & Renstrom, T. (2012). Optimal taxation, critical-level utilitarianism and economic growth. Journal of Public Economics, 96(9-10), 727-738. https://doi.org/10.1016/j.jpubeco.2012.05.001

• Journal Article Type: Article
• Acceptance Date: May 6, 2012
• Online Publication Date: Jun 7, 2012
• Publication Date: 2012-10
• Deposit Date: Jun 11, 2012
• Publicly Available Date: Feb 9, 2022
• Journal: Journal of Public Economics
• Print ISSN: 0047-2727
• Electronic ISSN: 1879-2316
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 96
• Issue: 9-10
• Pages: 727-738
• DOI: https://doi.org/10.1016/j.jpubeco.2012.05.001
• Public URL: https://durham-repository.worktribe.com/output/1505967