期刊論文
| 學年 | 101 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2012-12-01 |
| 作品名稱 | Consumption Externalities, Market Imperfections, and Optimal Taxation |
| 作品名稱（其他語言） | |
| 著者 | Chang, Juin-jen; Chen, Jhy-hwa; Shieh, Jhy-yuan |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | International Journal of Economic Theory 8(4), p.345-359 |
| 摘要 | In a dynamic model with a keeping-up-with-the Joneses preference and market imperfections, we attempt to investigate under what circumstances and for what reason the optimal tax should be state-varying. We extend the Ljungqvist and Uhlig (2000) proposition to include preferences that exhibit non-homotheticity. We show that a keeping-up-with-the-Joneses preference (a non-intertemporally-dependent preference) can lead the social planner to commit to a state-contingent tax on labor income. Moreover, the optimal labor income tax can be either procyclical or countercyclical with respect to economic fluctuations, this crucially depending on whether the level of contemporaneous consumption increases or decreases the wedge between the intertemporal substitution elasticity of households and of the social planner. |
| 關鍵字 | consumption externalities;market imperfections;keeping up with the Joneses;state-contingent tax policy |
| 語言 | en |
| ISSN | 1742-7363 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/110463 ) |