Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice

DOI10.1016/J.JEDC.2003.10.001MaRDI QIDQ953662zbMATH OpenOpenAlexFDO

Authors Turalay Kenc

Publication date 6 November 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2003.10.001

zbMATH Keywords

capital and labor income taxationlabor flexibilityrecursive utilityrisk-taking

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Stochastic taxation and asset pricing in dynamic general equilibrium
• Equilibrium consumption and precautionary savings in a stochastically growing economy
• Differential taxation and the encouragement of risk-taking
• A dynamic portfolio choice model of tax evasion: Comparative statics of tax rates and its implication for economic growth
• Optimal Linear Taxation under Random Income

Cites work

• A portfolio approach to endogenous growth: equilibrium and optimal policy
• Constant, Increasing and Decreasing Risk Aversion with Many Commodities
• Differential taxation and the encouragement of risk-taking
• Feasibility and transversality conditions for models of portfolio choice with non-expected utility in continuous time
• Hedging in incomplete markets with HARA utility
• Macroeconomic Policies, Growth, and Welfare in a Stochastic Economy
• On the fluctuations in consumption and market returns in the presence of labor and human capital: An equilibrium analysis
• Portfolio choice with non-expected utility in continuous time
• Portfolio Selection with Transaction Costs
• Risk, the financial market, and macroeconomic equilibrium
• Stochastic Differential Utility
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• The Sullying Effect of Recessions
• WELFARE COST OF MONETARY AND FISCAL POLICY SHOCKS

Cited in

(6)

• Optimal Linear Taxation under Random Income
• Distributive disturbance and optimal policy in stochastic control model
• Production technologies in stochastic continuous time models
• Does tax competition really promote growth?
• Equilibrium consumption and precautionary savings in a stochastically growing economy
• Stochastic taxation and asset pricing in dynamic general equilibrium

This page was built for publication: Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q953662)