This paper is an introductory chapter to a book that brings together 22 of my papers written between 1965 and 1981. The chapter provides a summary of each paper and a more general discussion of the role of taxation in influencing the process of capita1 accumulation. The four sections of the book are: (1) Household and Corporate Saving; (2) Portfolio Behavior; (3) Business Investment and (4) Tax Incidence in a Growing Economy
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Rate of Return Taxation and Personal Savings
The Effective Tax Rate and the Pretax Rate of Return
15 other sections not shown
Other editions - View all
adjusted alternative analysis assets assumption average behavior calculated capital accumulation capital gains tax capital income capital stock chapter Cobb-Douglas coefficient column common stock constant consumption corporate income tax corporate saving corporate tax cost of capital debt depreciation distributed lag distribution dividends dollar economy effect of taxes effective tax rate elasticity equation equilibrium equity estimates exponential Feldstein finance firms gross growth implies income class increase individual instrumental variable interest rate investors Jorgenson labor income long-run marginal tax rate ment nonfinancial corporations optimal output decay parameter payout percent percentage points porate presented pretax propensity to consume rate of interest rate of return reduce relative replacement investment replacement ratio retained earnings risk risk aversion selling share shareholders shows specification standard error substantial switch Table tax change tax incidence tax on capital tax rules tax system taxation tion wealth yields