Time-saving goods, time inequalities and optimal commodity taxation

Autor:	Cristian F. Sepulveda
Rok vydání:	2021
Předmět:	Economics and Econometrics Labour economics Inequality media_common.quotation_subject 05 social sciences Leisure time Time saving Accounting 0502 economics and business Economics 050207 economics Lower income Commodity (Marxism) Finance 050205 econometrics media_common Public finance
Zdroj:	International Tax and Public Finance. 29:84-109
ISSN:	1573-6970 0927-5940
DOI:	10.1007/s10797-020-09652-z
Popis:	Time-saving goods are defined as market goods that reduce home labor requirements (e.g., restaurants; washing machines). Assuming that time savings are costly, this paper shows that lower income individuals can purchase fewer time savings and enjoy less leisure time. Commodity tax rates affecting low-income individuals should depend more on time savings, and less on the classic Corlett and Hague rule. The related literature suggests to impose lower tax rates on goods that require less home labor. This paper shows that goods that offer greater time savings with respect to their more affordable substitutes should also receive favorable tax treatment.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e62205f0d228d14bd8dbf53c95db602e https://doi.org/10.1007/s10797-020-09652-z Zobrazit plný text záznamu Full text from SpringerLink