TY - JOUR
T1 - Comprehensive income taxation, investments in human and physical capital, and productivity
AU - Nerlove, Marc
AU - Razin, Assaf
AU - Sadka, Efraim
AU - von Weizsäcker, Robert K.
PY - 1993/3
Y1 - 1993/3
N2 - This paper analyses the implications of the comprehensive income tax for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income, is shown to discriminate against investments in human capital relative to investments in physical capital. It has an adverse impact on human capital accumulation and lowers productivity.
AB - This paper analyses the implications of the comprehensive income tax for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income, is shown to discriminate against investments in human capital relative to investments in physical capital. It has an adverse impact on human capital accumulation and lowers productivity.
UR - http://www.scopus.com/inward/record.url?scp=0000815675&partnerID=8YFLogxK
U2 - 10.1016/0047-2727(93)90093-9
DO - 10.1016/0047-2727(93)90093-9
M3 - Article
AN - SCOPUS:0000815675
SN - 0047-2727
VL - 50
SP - 397
EP - 406
JO - Journal of Public Economics
JF - Journal of Public Economics
IS - 3
ER -