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optimal income tax policy using theory and calibration. A positive association between life expectancy and income counteracts … the well-known static pattern of declining marginal utility. As a result, the mechanical value of redistribution is … effects of the mechanical value of redistribution dominate, and the optimal marginal tax rates fall by up to 10 percentage …
Persistent link: https://www.econbiz.de/10014382962
In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This … relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …
Persistent link: https://www.econbiz.de/10013174148
-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we …
Persistent link: https://www.econbiz.de/10011536215
endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …
Persistent link: https://www.econbiz.de/10013419330
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10012486434
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012166025
What matters for individuals' preferences for redistribution? In this paper we show that consequentialist beliefs about … shape a distinct conversation about redistribution. …
Persistent link: https://www.econbiz.de/10014383934
We study how measures of socioeconomic health inequality inform about welfare inequality. We argue that transfers of either income or health from a better off to a worse off individual should reduce welfare inequality. Lacking an objective measure of individual welfare, we suggest that such a...
Persistent link: https://www.econbiz.de/10015057694
In this paper we explore how individual social preferences correlate with political support for redistribution. We ran … political support for distributive policies. The main correlates for support of redistribution are the beliefs concerning the …
Persistent link: https://www.econbiz.de/10014632365
pension benefit rule that is adopted. If this rule incorporates some implicit or explicit redistribution from healthy to … unhealthy individuals then the latter types are better off as a result of the pension system. In the absence of redistribution …
Persistent link: https://www.econbiz.de/10011761551