Series: IMF Working Papers
Author(s): Ben Heijdra , and Jenny Ligthart
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1998
Keywords: Blanchard model, intertemporal labor supply, overlapping generations, tax incidence, consumption tax, capital stock, consumption taxes, capital income, aggregate consumption
The paper studies the dynamic allocation effects of tax policy in the context of an overlapping generations model of the Blanchard-Yaari type. The model is extended to allow for endogenous labor supply and three ta...