TY - JOUR
T1 - Tax Policy, Housing, and the Labour Market
T2 - An Intertemporal Simulation Approach
AU - Hougaard Jensen, Svend E.
AU - Nielsen, Søren Bo
AU - Haagen Pedersen, Lars
AU - Birch Sørensen, Peter
PY - 1996/7
Y1 - 1996/7
N2 - This paper develops an intertemporal simulation model designed to analyse tax policies in a small open economy. Within a finite horizon, overlapping generations framework, we introduce imperfect competition in the labour market, consumption and construction of durables in the form of housing units, and a public pension system. We simulate the model to illustrate some macroeconomic, allocative and distributional effects of a policy experiment involving a 10% cut in the capital income tax rate.
AB - This paper develops an intertemporal simulation model designed to analyse tax policies in a small open economy. Within a finite horizon, overlapping generations framework, we introduce imperfect competition in the labour market, consumption and construction of durables in the form of housing units, and a public pension system. We simulate the model to illustrate some macroeconomic, allocative and distributional effects of a policy experiment involving a 10% cut in the capital income tax rate.
KW - Capital income taxation
KW - Wage formation
KW - Intergenerational welfare
KW - Capital income taxation
KW - Wage formation
KW - Intergenerational welfare
U2 - 10.1016/0264-9993(96)01017-6
DO - 10.1016/0264-9993(96)01017-6
M3 - Journal article
SN - 0264-9993
VL - 13
SP - 255
EP - 382
JO - Economic Modelling
JF - Economic Modelling
IS - 3
ER -
