Resource title

On the equivalence between labor and consumption taxation

Resource image

image for OpenScout resource :: On the equivalence between labor and consumption taxation

Resource description

This article studies the equivalence between labor and consumption taxes in a stochastic context, where the government can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two-period model we show that such taxes let consumers make the same decisions, and can finance the same amount of government spending in each period.

Resource author

Paolo M. Panteghini

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26638

Resource license

Adapt according to the presented license agreement and reference the original author.