【9月27日】【CEMA研讨会2018年秋季第四讲】 Optimal Redistributive Capital Income Taxation with Endogenous Wage Inequ发布日期：2019-09-12 21:12:21
论文题目：Optimal Redistributive Capital Income Taxation with Endogenous Wage Inequality
论文摘要：In a model with a continuum of imperfectly substituted labor inputs and capital inputs, this paper derives optimal (uniform and sector-specific) capital income tax formulas that (a) capture the key equity-efficiency trade-off; (b) are expressed in social welfare weights and empirical statistics; (c) and robust to the underlying structure of production. Taking a CES production function with sectoral capital intensity increasing with the sectoral wage as an example, we find that the optimal capital income tax rate is positive if and only if the elasticity of substitution between any two goods produced by different labors is higher than 1. When sector-specific capital inputs are introduced, it is found that the capital utilized by the poorest sector should be subsidized, while the capital belong to the richest sector should be taxed. The core intension of these results is that capital income taxation should be used to reduce relative wage inequality. At last, we present a numerical application with Chinese data. Concerning the transformation of tax structure in China, we try to answer, given the commodity taxation, whether the corporate income tax rate is too high and how to adjust the tax rate schedule of labor income taxation.
报告人简介：崔小勇，北京大学经济学院副教授，2008年获得北京大学光华管理学院经济学博士。主要研究领域包括动态经济学方法、计算方法和动态宏观福利分析方法、数理经济学方法、公共财政理论和资产定价等，研究成果发表于Annals of Economics and Finance，Journal of Macroeconomics，Economic Modelling，《经济研究》，《金融研究》，《世界经济》，《经济学动态》等学术期刊。