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Progressive tax changes to superannuation in a lifecycle framework
Kudrna, George; Woodland, Alan D. - 2015
This paper provides a quantitative analysis of hypothetical replacements of existing tax arrangements applied to superannuation (Australia.s term for private pensions) with traditional EET and TEE regimes. These taxation regimes exempt pension fund earnings from any taxation and tax either...
Persistent link: https://www.econbiz.de/10011404438
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Optimal taxation with current and future cohorts
Fehr, Hans; Kindermann, Fabian - 2012
-cycle savings. -- stochastic OLG model ; precautionary savings ; intragenerational risk sharing and redistribution … of capital income taxation is explained by the low interest elasticity of precautionary savings compared to that of life …
Persistent link: https://www.econbiz.de/10009655163
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Endogenous longevity and optimal tax progressivity
Heer, Burkhard; Rohrbacher, Stefan - 2020
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...
Persistent link: https://www.econbiz.de/10012312268
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Pricing climate risk
Jensen, Svenn; Traeger, Christian - 2021
derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes … simple precautionary savings analysis to more complex economic interactions and it builds the economic intuition for policy … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage …
Persistent link: https://www.econbiz.de/10012597858
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Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation
Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2006
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10003301356
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Public pensions in a multi-period Mirrleesian income tax model
Bastani, Spencer; Blomquist, Nils Sören; Micheletto, Luca - 2016
Using an OLG model with skill uncertainty and private savings, we investigate whether an optimally designed set of … crowding out private savings, adversely affect the achievement of the golden-rule, they can be used as a mimicking …
Persistent link: https://www.econbiz.de/10011566505
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The case for a progressive tax : from basic research to policy recommendations
Diamond, Peter A.; Saez, Emmanuel - 2011
This paper presents the case for tax progressivity based on recent results in optimal tax theory. We consider the …
Persistent link: https://www.econbiz.de/10009261785
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Optimal income taxation with asset accumulation
Ábrahám, Árpád; Koehne, Sebastian; Pavoni, Nicola - 2014
Several frictions restrict the government's ability to tax assets. First, it is very costly to monitor trades on international asset markets. Second, agents can resort to nonobservable low-return assets such as cash, gold or foreign currencies if taxes on observable assets become too high. This...
Persistent link: https://www.econbiz.de/10010467365
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On the intergenerational incidence of wage and consumption taxes
Wigger, Berthold U. - 2000
This paper analyzes the intergenerational incidence of wage and consumption taxes imposed to finance a given amount of public expenditures. It employs a continuous time overlapping genera-tions framework to demonstrate that it essentially hinges on the relationship between the age-earnings and...
Persistent link: https://www.econbiz.de/10009781662
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Politics and income taxes : progress and progressivity
Berliant, Marcus C.; Boyer, Pierre C. - 2022
This paper begins with a survey of the literature on the political economy approaches to labor income taxation. We focus on recent progress made by examining in detail the specific properties of non-linear taxes derived in the context of voting. Next, we present new results on the existence of...
Persistent link: https://www.econbiz.de/10013419334