Taxation and Income Distribution Dynamics in a Neoclassical Growth Model
研究税收政策变化如何影响财富和收入分配动态，发现减少劳动供给的政策虽降低产出但使税后收入更平等，并用美国和欧洲的税改实例说明。
We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial capital endowments. The endogeneity of the labor supply plays a crucial role, as tax changes that affect hours of work will affect the distribution of wealth and income, reinforcing or offsetting the direct redistributive impact of taxes. We consider different ways of financing government expenditure and find that policies that reduce the labor supply are associated with lower output but also with a more equal distribution of after-tax income. We illustrate these effects by examining the impact of recent tax changes observed in the United States and in European economies.