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A note on capital income taxation with involuntary unemployment

Author

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  • Minoru Watanabe

    (Research Fellow, Graduate School of Economics, Kobe University/Hokusei Gakuen University)

Abstract

This study develops a standard overlapping generations model with imperfect labor markets. The results indicate that a higher capital income tax promotes not only economic growth but also employment if pension benefits exist.

Suggested Citation

  • Minoru Watanabe, 2021. "A note on capital income taxation with involuntary unemployment," Discussion Papers 2126, Graduate School of Economics, Kobe University.
    • Handle: RePEc:koe:wpaper:2126
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    File URL: http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2021/2126.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
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    8. Uhlig, Harald & Yanagawa, Noriyuki, 1996. "Increasing the capital income tax may lead to faster growth," European Economic Review, Elsevier, vol. 40(8), pages 1521-1540, November.
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    Full references (including those not matched with items on IDEAS)

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