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Capital Income Tax Evasion, Capital Accumulation and Welfare
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kato, Hideya | - |
dc.contributor.author | Yanagihara, Mitsuyoshi | - |
dc.date.accessioned | 2010-09-13T06:33:22Z | - |
dc.date.available | 2010-09-13T06:33:22Z | - |
dc.date.issued | 2010-07 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.23 No.3, pp. 341-363 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/69814 | - |
dc.description.abstract | We construct an overlapping-generations model where individuals
evade capital income tax and carry out the short- and the longrun analyses to abstract the pure effects of policy parameters such as the capital income tax rate and the penalty rate on welfare levels. We show that: (i) undeclared savings may increase both in the short- and the long-run, even when the tax rate (the penalty rate) decreases (increases); (ii) there are trade-offs within each policy and across policies regarding the welfare effects in the short- and the long-run; (iii) both the welfare levels and the government revenue increase in the long-run if the tax rate decreases or the penalty rate increases, as long as the elasticities of such parameters on capital stock are sufficiently large. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Tax evasion | - |
dc.subject | Capital accumulation | - |
dc.subject | Overlapping-generations model | - |
dc.subject | Welfare trade-offs | - |
dc.title | Capital Income Tax Evasion, Capital Accumulation and Welfare | - |
dc.type | SNU Journal | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 363 | - |
dc.citation.number | 3 | - |
dc.citation.pages | 341-363 | - |
dc.citation.startpage | 341 | - |
dc.citation.volume | 23 | - |
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