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首页> 外文期刊>Journal of Economic Dynamics and Control >Taxation and the intergenerational transmission of human capital
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Taxation and the intergenerational transmission of human capital

机译：税收与​​人力资本的代际转移

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How do taxes affect human capital accumulation? This question has been studied extensively in the context of two model classes: overlapping generations (OLG) and infinite horizon (1H) models. These embody very different assumptions about the intergenerational transmission of physical and human capital. OLG models typically abstract from intergenerational linkages, while IH models implicitly assume that new agents inherit human and physical capital from their parents. This paper investigates how such differences in intercohort persistence affect the responsiveness of human capital to taxation. A model is developed that nests OLG and IH models as special cases. Analytical expressions for the steady state tax elasticities of human capital are derived for versions of the model with varying degrees of persistence. The main finding is that higher persistence increases the responsiveness of human capital to both wage and capital income taxes. As a result, IH models generate larger tax elasticities than do OLG models with incomplete persistence, even if cohorts are altruistically linked. In a calibrated version of the model, moving from no persistence to complete persistence increases the tax elasticity of human capital by a factor between two and three.
机译：税收如何影响人力资本积累？这个问题已经在两个模型类别的上下文中进行了广泛研究：重叠世代（OLG）和无限视野（1H）模型。这些体现了关于物质和人力资本的代际传递的截然不同的假设。 OLG模型通常从代际联系中抽象出来，而IH模型则隐含地假设新的代理人从父母那里继承了人力和物质资本。本文研究了队列间持久性的这种差异如何影响人力资本对税收的反应。开发了将OLG和IH模型作为特殊情况嵌套的模型。对于具有不同持久性程度的模型版本，得出了人力资本稳态税收弹性的解析表达式。主要发现是，更高的持久性可以提高人力资本对工资税和资本所得税的反应能力。结果，即使队列之间存在利他联系，与持久性不完全的OLG模型相比，IH模型产生的税收弹性也更大。在模型的校准版本中，从无持久性转变为完全持久性将人力资本的税收弹性提高了二到三倍。

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