Endogenous Taxation: An Overlapping Generations Approach
构建了一个世代交叠模型，研究年龄、生产力和遗赠动机的异质性如何通过多数投票内生决定消费、工资和资本收入的线性税率及公共品供给，并分析了稳态内外的动态政治经济均衡。
The paper develops an overlapping generations framework of endogenous taxation. There are three types of heterogeneity among individuals: age, productivity, and bequest motives. The heterogeneity gives rise to a redistributive conflict and therefore to different preferences over fiscal policy. Linear taxes are levied on consumption expenditure, wage income and capital income. These tax rates and the provision of a public good become endogenous through a majority-voting rule. The dynamic politico-economic equilibrium is examined both in and outside the steady state. The focus is on the underlying characteristics of the economy that gives rise to a particular fiscal structure.