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- W2021506124 abstract "We investigate the incidence of land taxes using a monetary overlapping generations model. The real price of land may be raised with a land tax even when the elasticity of saving with respect to the interest rate is positive. We may have the ‘crowding-out’ case, which is induced by the substitution from capital and land to money. The capital loss suffered by older generations holding land during the transition to a land tax may be partially offset by a gain in money balances as inflation abates." @default.
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- W2021506124 date "1990-07-01" @default.
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- W2021506124 title "Economic effects of land taxes in an inflationary economy" @default.
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- W2021506124 doi "https://doi.org/10.1016/0047-2727(90)90012-7" @default.
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