Comprehensive income taxation, investments in human and physical capital, and productivity
分析综合所得税对人力资本和物质资本积累及经济整体生产率的影响，发现该税种歧视人力资本投资，降低人力资本积累和生产率。
This paper analyses the implications of the comprehensive income tax for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income, is shown to discriminate against investments in human capital relative to investments in physical capital. It has an adverse impact on human capital accumulation and lowers productivity.