Saturday , November 2 2024
Home / Dirk Niepelt / On Capital-Income Taxes and Wages

On Capital-Income Taxes and Wages

Summary:
Greg Mankiw offers a simple example to establish that a reduction in the tax rate on capital income (in a closed economy) raises wages in the long run. John Cochrane patiently typed the solution. And Larry Summers argues on his blog that US realities are not well captured by Mankiw’s example.

Topics:
Dirk Niepelt considers the following as important: , , , ,

This could be interesting, too:

Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”

Dirk Niepelt writes The New Keynesian Model and Reality

Dirk Niepelt writes Urban Roadway in America: Land Value

Dirk Niepelt writes A Financial System Built on Bail-Outs?

Greg Mankiw offers a simple example to establish that a reduction in the tax rate on capital income (in a closed economy) raises wages in the long run. John Cochrane patiently typed the solution. And Larry Summers argues on his blog that US realities are not well captured by Mankiw’s example.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

Leave a Reply

Your email address will not be published. Required fields are marked *