Abstract
We eliminate many complicated features of a computable general equilibrium model, and reevaluate several reforms of capital taxation. Results of the simple model are surprisingly similar. Welfare gains depend more on a key unknown elasticity than on all the additional modeling complications combined.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 67-70 |
| Number of pages | 4 |
| Journal | Economics Letters |
| Volume | 36 |
| Issue number | 1 |
| DOIs | |
| State | Published - May 1991 |
| Externally published | Yes |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics