Taxing capital and labor when both factors are imperfectly mobile internationally
Hippolyte d'Albis
(1, 2)
,
Agnès Bénassy-Quéré
(1, 2)
Hippolyte d'Albis
- Fonction : Auteur
- PersonId : 16845
- IdHAL : hippolyte-dalbis
- ORCID : 0000-0002-6409-4320
- IdRef : 07955279X
Agnès Bénassy-Quéré
- Fonction : Auteur
- PersonId : 1356738
- IdHAL : agnes-benassy-quere
- ORCID : 0000-0003-4898-3694
Résumé
We revisit the standard theoretical model of tax competition to consider imperfect mobility of both capital and labor. We show that the mobility of one factor affects the taxation of both factors and that the ”race-to-the-bottom” narrative (with burden shifting) applies essentially to capital-exporting countries. We validate our predictions using a panel of 29 OECD countries over the period of 1997–2017. The quantitative contribution of rising capital mobility to the decline of corporate income tax rates over our sample period is nonetheless less than that of population ageing.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Taxing capital and labor when both factors are imperfectly mobile internationally
|
Résumé |
en
We revisit the standard theoretical model of tax competition to consider imperfect mobility of both capital and labor. We show that the mobility of one factor affects the taxation of both factors and that the ”race-to-the-bottom” narrative (with burden shifting) applies essentially to capital-exporting countries. We validate our predictions using a panel of 29 OECD countries over the period of 1997–2017. The quantitative contribution of rising capital mobility to the decline of corporate income tax rates over our sample period is nonetheless less than that of population ageing.
|
Auteur(s) |
Hippolyte d'Albis
1, 2
, Agnès Bénassy-Quéré
1, 2
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2022-02
|
Volume |
29
|
Numéro |
1
|
Page/Identifiant |
147-190
|
Licence |
Paternité
|
Public visé |
Scientifique
|
Domaine(s) |
|
Mots-clés (JEL) |
|
Mots-clés |
en
Tax competition, Globalization, Imperfect factor mobility
|
DOI | 10.1007/s10797-021-09663-4 |
Pubmed Id | 33785985 |
PubMed Central | PMC7993084 |
UT key WOS | 000632830900001 |
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