A Note of Dynamic Tax Incidence
在增长模型中求解了外生政策变化导致的稳态间调整路径，并证明总体福利效应是短期和长期效应的加权平均。应用于劳动所得税的动态归宿分析，发现长期效应在广泛参数范围内更为重要。
Under certain reasonable conditions for a growth model, the path of adjustment between steady states generated by a change in an exogenous policy variable is solved for explicitly. The overall welfare effect is then shown to be a weighted average of the short- and long-run effects for a large class of social welfare functions. These results are applied to a simple neoclassical growth model for the purpose of investigating the dynamic incidence of a labor income tax. Contrary to the claims of previous investigators, the long-run effect is shown to be more important for a wide range of parameter values.