An analysis on optimal taxation and on policy changes in an endogenous growth model with public expenditure

Thomas Renstrom (t.i.renstrom@durham.ac.uk) and Luca Spataro
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Thomas Renstrom: University of Durham (UK)

No 12, Public Finance Research Papers from Istituto di Economia e Finanza, DSGE, Sapienza University of Rome

Abstract: In this work we analyse the issue of optimal taxation and of policy changes in an endogenous growth model driven by public expenditure, in the presence of endogenous fertility and labour supply. While normative analysis confirms the Chamley-Judd result of zero capital income tax, positive analysis reveals that the presence of endogenous fertility produces different results as for the effects of taxes on total employment.

Keywords: Taxation; endogenous fertility; critical level utilitarianism; population (search for similar items in EconPapers)
JEL-codes: D63 E21 H21 J13 O4 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2015-04
New Economics Papers: this item is included in nep-dge, nep-fdg, nep-gro, nep-mac and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:gfe:pfrp00:00012

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