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DTSTART:19701025T020000
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DTSTAMP:20260901T011124Z
DTSTART;TZID=Europe/London:20211123T111500
DTEND;TZID=Europe/London:20211123T123000
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SUMMARY:Redistributive Capital Taxation Revisited
DESCRIPTION:Hakki Yazici (University of Bristol) - This paper shows that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 60%, which is significantly higher than the optimal rate of 48% in an identically calibrated model without capital-skill complementarity. The skill premium falls from 1.9 to 1.67 along the transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution from skilled to unskilled workers. These results show that a government that cares about redistribution should take into account capital-skill complementarity in production when setting the tax rate on capital income.      Event link can be mailed out on request to students and staff in School of Economics.       https://events.st-andrews.ac.uk/events/redistributive-capital-taxation-revisited/
LOCATION:Online
URL:https://events.st-andrews.ac.uk/events/redistributive-capital-taxation-revisited/
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