Tax policy, housing and the labour market: an intertemporal simulation approach

Svend Erik Hougaard Jensen, Søren Bo Nielsen, Lars Haagen Pedersen, Peter Birch Sørensen

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Abstract

This paper develops an intertemporal simulation model designed to analyse tax policies in a small open economy. Within a finite horizon, overlapping generations framework, we introduce imperfect competition in the labour market, consumption and construction of durables in the form of housing units, and a public pension system. We simulate the model to illustrate some macroeconomic, allocative and distributional effects of a policy experiment involving a 10% cut in the capital income tax rate
Original languageEnglish
JournalEconomic Modelling
Volume13
Issue number3
Pages (from-to)355-382
ISSN0264-9993
DOIs
Publication statusPublished - 1996

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