Estructura impositiva óptima y restriciones de crédito

Nathalie Mathieu-Bolh

Resumen


Se propone un nuevo modelo de generaciones solapadas para estudiar la fiscalidad óptima de Ramsey en el que los individuos enfrentan diferentes niveles de ingresos, esperanza de vida y restricciones de crédito. En contraste con la literatura previa, el artículo sugiere que el impuesto óptimo a los retornos del capital generalmente difiere de cero en el largo plazo aun para el caso de preferencias aditivamente separables. El artículo también encuentra que el sistema fiscal en general debe incorporar un impuesto progresivo sobre la renta de capital en el largo plazo. Además, el modelo permite separar y evaluar las funciones respectivas de los horizontes de vida finita, las diferencias de productividad y los límites de endeudamiento.


Palabras clave


imposición óptima; restricciones de crédito; mercados incompletos

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