More on the Optimal Taxation of Capital

Varadarajan Chari, Pedro Teles and Juan Pablo Nicolini

No 1364, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: Should capital income taxes be zero in the long run, as argued by Chamley (1986) and Judd (1985)? Or should instead capital be heavily taxed as suggested by Straub and Werning (2015)? We revisit the Ramsey literature on the optimal taxation of capital and make again the case for a low, possibly zero, tax on capital income.

Date: 2016
New Economics Papers: this item is included in nep-acc, nep-dge, nep-pbe and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed016:1364

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