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How Do Taxpayers Respond to Tax Subsidy for Long-Term Savings? Evidence from Thailand's Tax Return Data
Muthitacharoen, Athiphat; Burong, Trongwut - 2021
individuals respond to tax subsidy for long-term savings. We utilize the 2013 tax reform that lowered the price subsidy for long …-term savings in order to obtain causal identification. Our difference-in-difference analysis illustrates that there is a …
Persistent link: https://www.econbiz.de/10013244243
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Are Dutch Old-Age Pensions Taxed Fairly and Efficiently?
Genser, Bernd - 2020
The Dutch pension system is internationally top-ranked as a well-designed three-pillar system. Moreover, almost all forms of pension benefits are expenditure taxed in line with the European Commission's recommendations. Consequently, the Dutch pension policy approach could be regarded as a...
Persistent link: https://www.econbiz.de/10012827115
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Pensions, Income Taxes and Homeownership : A Cross-Country Analysis
Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides a cross-country analysis, using tax and pension policy designs in Germany, the US and Australia. These developed nations have similar incomes per capita but very different...
Persistent link: https://www.econbiz.de/10013216249
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Fair Pension Policies with Occupation-Specific Aging
Grossmann, Volker; Schünemann, Johannes; Strulik, Holger - 2021
We discuss public pension systems in a multi-period overlapping generations model with gerontologically founded human aging and a special focus on occupation-specific morbidity and mortality. We examine how distinct replacement rates for white-collar and blue-collar workers and early retirement...
Persistent link: https://www.econbiz.de/10013219069
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Gender Wage and Longevity Gaps and the Design of Retirement Systems
Barigozzi, Francesca; Cremer, Helmuth; Lozachmeur, … - 2021
We study the design of pension benefits for male and female workers. Women live longer than men but have a lower wage. Individuals can be single or live in couples who pool their incomes. Social welfare is utilitarian but an increasing concave transformation of individuals’ lifetime utilities...
Persistent link: https://www.econbiz.de/10013224069
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Intergenerational Actuarial Fairness When Longevity Increases : Amending the Retirement Age
Bravo, Jorge Miguel; Ayuso, Mercedes; Holzmann, Robert; … - 2021
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10013314670
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Sharing demographic risk: who is afraid of the baby bust?
Ludwig, Alexander; Reiter, Michael - 2008
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10010264455
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Macroeconomic effects of social security privatization in a small unionized economy
Adam, Antonis - 2004
This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...
Persistent link: https://www.econbiz.de/10010261116
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Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?
Dolls, Mathias; Dörrenberg, Philipp; Peichl, Andreas; … - 2018
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10011794181
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Optimal compulsion when behavioral biases vary and the State errs
Valdés-Prieto, Salvador; Schwarzhaupt, Ursula - 2011
When behavioral biases have varying sizes, and the State seeks to correct behavior through compulsion, the question is how to design optimal compulsion. One argument is that the amount of compulsion should rise with the size of the bias to be 'cured'. A contrary argument is that since compulsion...
Persistent link: https://www.econbiz.de/10010274954