Pareto-improving tax policies under hyperbolic discounting

• المؤلف الرئيسي: Kang, Minwook
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2021
• الموضوعات: Social sciences::Economic development; Present Bias; Hyperbolic Discounting
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/151368

This paper investigates the welfare implications of tax policies in the economy with present-biased consumers. We show that consumption taxes, income subsidies, or capital subsidies can improve not only hyperbolically discounted intertemporal utilities, but also exponentially discounted commitment u...