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Labor or Capital Income Tax for Growth in an Aging Society

Author

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  • Yusuke Miyake
Abstract
This study analyzes whether taxation of labor income or capital income maximizes growth rates, with labor-argument type model, in an aging society. There are certain conditions that maximize growth rates which are indicated by the share of public capital-public pensions. The results of this analysis taxing capital income is better in an economy where private capital is drastically larger than the public capital found in an aging society.

Suggested Citation

  • Yusuke Miyake, 2020. "Labor or Capital Income Tax for Growth in an Aging Society," Applied Economics and Finance, Redfame publishing, vol. 7(5), pages 54-65, September.
    • Handle: RePEc:rfa:aefjnl:v:7:y:2020:i:5:p:54-65
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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