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Optimal tax and expenditure policy in the presence of migration – are credit restrictions important?
Umeå universitet.
Umeå universitet.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.ORCID iD: 0000-0001-7206-6568
2014 (English)In: Indian Growth and Development Review, ISSN 1753-8254, E-ISSN 1753-8262, Vol. 7, no 2, 98-117 p.Article in journal (Refereed) Published
Abstract [en]

Empirical studies have found an ’inverted U-curve’ relationship between emigration and per capita income. In this paper, we present a theoretical underpinning for this phenomenon based on credit restrictions. We also characterize how the presence of an ’inverted U-curve’ relationship between emigration and per capita income will influence the optimal tax and expenditure policy in a country where agents have the option to move abroad. Among the results it is shown that if age dependent taxes are available, the presence of an ’inverted U-curve’ provides an incentive to tax young labor harder, but old labor less hard, than otherwise. Thus, our more realistic picture of emigration leads to results that differ from the previous literature.

Place, publisher, year, edition, pages
2014. Vol. 7, no 2, 98-117 p.
Keyword [en]
optimal taxation, labor mobility, intertemporal consumer choice
National Category
Economics
Identifiers
URN: urn:nbn:se:miun:diva-19680DOI: 10.1108/IGDR-09-2012-0040Scopus ID: 2-s2.0-84913599099OAI: oai:DiVA.org:miun-19680DiVA: diva2:638853
Available from: 2013-08-03 Created: 2013-08-03 Last updated: 2016-09-22Bibliographically approved

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