Supply Side Interventions and Redistribution
在一个动态均衡模型中评估将资本所得税负担转嫁给劳动税对福利的影响，发现降低资本税会提高效率并有利于低工资财富比者，但高工资财富比者可能遭受较大效用损失。
We evaluate the effect on welfare of shifting the burden of capital income taxes to labour taxes in a dynamic equilibrium model with heterogeneous agents and constant tax rates. We calibrate and simulate the economy; we find that lowering capital taxes has two effects: it increases efficiency in terms of aggregate production and it redistributes wealth in favour of those agents with a low wage/wealth ratio. When the parameters of the model are calibrated to match the distribution of income in terms of the wage/wealth ratio, the redistributive effect dominates, and agents with a high wage/wealth ratio would experience a large loss in utility if capital income taxes were eliminated. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.