Optimal Income Tax Rates for the Korean Economy
Based on a quantitative, heterogeneous agent general equilibrium model, we compute the optimal tax rates for labor and capital incomes for the Korean economy. According to our model, a more progressive income tax schedule along with a higher capital tax rate can increase average welfare by as much a...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2015-08-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2015.37.3.1 |