Consumption taxes and precautionary savings
Consumption taxes and precautionary savings
Financing government spending through lump sum taxes does not distort capital when markets are complete but tends to increase precautionary savings under market incompleteness. Using flat consumption taxes instead leaves precautionary savings unaffected, provided certain conditions on utility are met.
238-242
Anagnostopoulos, Alexis
ee4da282-6d35-446a-9533-552a703e4a33
Li, Qian
e8950786-8f13-45ac-9a4d-8942268fe32c
Anagnostopoulos, Alexis
ee4da282-6d35-446a-9533-552a703e4a33
Li, Qian
e8950786-8f13-45ac-9a4d-8942268fe32c
Abstract
Financing government spending through lump sum taxes does not distort capital when markets are complete but tends to increase precautionary savings under market incompleteness. Using flat consumption taxes instead leaves precautionary savings unaffected, provided certain conditions on utility are met.
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Accepted/In Press date: 1 March 2013
e-pub ahead of print date: 1 June 2013
Identifiers
Local EPrints ID: 471737
URI: http://eprints.soton.ac.uk/id/eprint/471737
ISSN: 0165-1765
PURE UUID: 7d67ca0f-579e-4e0b-a7a9-a82ec22e645b
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Date deposited: 17 Nov 2022 17:40
Last modified: 16 Mar 2024 22:11
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Author:
Alexis Anagnostopoulos
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