Unemployment, tax competition, and tax transfer policy
Unemployment, tax competition, and tax transfer policy
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失业、税收竞争和税收转移政策
DOI：
10.1111/jpet.12563
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发表时间：
2022
影响因子：
1.1
通讯作者：
Gareth Myles
中科院分区：
文献类型：
--
作者：
Toshiki TAMAI;Gareth Myles
过去20年来资本税率的降低是出于促进投资和减少失业的愿望。以前的税收竞争模型已经非常详细地探讨了资本配置的后果，但由于假设了完美的劳动力市场，大多数都没有提到就业效应。为了解决税收竞争对就业和公共产品供给的影响，本文重新考虑了劳动力市场不完善导致失业的分析。我们将工资刚性和由劳动所得税资助的政府间转移纳入标准税收竞争模型，以探讨联邦-州政策互动的结果。决定效率的关键因素是资本-劳动的替代性/互补性以及公共产品供给效率水平相对于劳动收入创收能力的成本。当劳动所得税不足以融资时，只有当总外部性为负时才有效率，但这只是多重均衡之一。我们还表明，联邦政府的领导是有效的，有效地提供公共产品的州政府，如果资本和劳动力是替代品。
The reduction of capital tax rates witnessed over the past two decades has been motivated by the wish to boost investment and reduce unemployment. Previous models of tax competition have explored the consequences for capital allocation in great detail, but have mostly been silent on the employment effects due to the assumption of a perfect labor market. To address the impact of tax competition on employment and public good provision, this paper reconsiders the analysis in the presence of a labor market imperfection that generates unemployment. We incorporate a wage rigidity and intergovernmental transfers financed by the labor income tax into the standard tax competition model to explore the outcome of federal–state policy interaction. The key factors in determining the efficiency are the capital–labor substitutability/complementary and the cost of the efficient level of public good supply relative to the ability of the labor income to generate revenue. When the labor income tax is insufficient for financing, there can only be efficiency if the aggregate externality is negative—but this outcome is only one of multiple equilibria. We also show that federal government leadership is effective to provide public goods efficiently by state governments if capital and labor are substitutes.
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