This paper studies the macroeconomic and efficiency effects of privatizing social security. It does so by simulating …, the pure efficiency gains from privatization are also substantial. Efficiency gains refers to the welfare improvement … precise size of the efficiency gain depends on the existing tax structure, the linkage between benefits and taxes under the …

groups: political', efficiency' and narrative' theories. We explore three political theories in this paper: the majority … the explanations is compared with the international and historical facts. A companion paper explores the efficiency' and …

This paper estimates the efficiency consequences of interactions between nominal tax systems and inflation in open … capital movement and influencing domestic and foreign tax receipts, saving, and investment. The efficiency costs of inflation …

inequity). This tradeoff between efficiency and equity is the primary focus of this paper. We investigate how the distribution …