The Welfare Cost of Income Taxation and the Role of Human Capital

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Minhyeon Jeong Chul-In Lee
• 간행물 정보: 『한국재정학회 학술대회 논문집』2011년도 춘계학술대회 논문집, 37~59쪽, 전체 23쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2011.04.30

영문 초록

While the literature on taxes and human capital is extensive, there is little research that focuses on the welfare cost of taxation in the presence of human capital. Moreover, among existing studies we find conflicting implications regarding the welfare cost of taxation. We narrow the gaps and reconcile conflicts among related studies by reexamining the welfare costs of taxation in a standard dynamic model with human capital. Main findings include: (ⅰ) welfare costs increase in general equilibrium in contrast to some existing studies, (ⅱ) compared to typical dynamic models without human capital, those with human capital entail much larger welfare costs of taxation, and (ⅲ) learning-by-doing (LBD) generally adds to welfare costs.

목차

Abstract

1. Introduction

2. The Model

3. Main Results

4. Comparison with the Related Literature

5. Calibration

6. Discussions

Appendix

References

키워드

welfare cost income tax human capital learning-by-doing