TY  - RPRT
        AU  - Koethenbuerger, Marko
AU  - Poutvaara, Panu
        TI  - Rent Taxation in a Small Open Economy: The Effect on Transitional Generations
        PY  - 2007/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2559
        UR  - https://www.iza.org/index.php/publications/dp2559
        AB  - We show that taxation of rents may yield an intergenerational Pareto-improvement in a small open economy provided tax revenues are earmarked to reduce wage taxes. Previous literature has shown that rent taxation benefits current young and future generations, while we show that it also benefits the current old generation when the initially prevailing tax mix is sufficiently skewed towards wage taxation.
        KW  - capitalization
KW  - transitional dynamics
KW  - labor supply
KW  - asset prices
KW  - rent taxes
        ER  -