Does Old Capital Matter for Implementing a Pareto-Improving Tax Reform?
Thomas Gaube and
Robert Schwager
Public Finance Review, 2004, vol. 32, issue 2, 220-231
Abstract:
Is it possible to replace the income tax by a consumption tax or a wage tax such that (1) a dynamic (intergenerational) Pareto improvement is obtained and (2) only the information available from enforcing the income tax is used? In this article, it is shown that such a transition is feasible if and only if in a static setting, the consumption or wage tax induces less distortions than the income tax.
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:32:y:2004:i:2:p:220-231
DOI: 10.1177/1091142103261677
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