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 …

This paper examines the efficiency gains from linking marginal Social Security benefits to marginal Social Security … effective marginal federal government taxation of labor supply would average roughly 38 percent. Since the efficiency costs of … dead weight loss of labor income taxation.The findings of this paper suggest that there may be very significant efficiency …

This paper uses the Auerbach-Kotlikoff Dynamic Life-Cycle Model (AK Model) to examine the macroeconomic and efficiency … compensated for losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, linkage … circumstances don't hold, the efficiency gains from privatization are likely to be smaller, possibly negative. The Personal Security …

This paper presents a new simulation methodology for determining the pure efficiency gains from tax reform along the … very large efficiency cost …

.S. industries. The Mutual Production Model developed in Gravelle and Kotlikoff (1989) can be used to study the efficiency gains from … study the steady state efficiency gains associated with the new law. While we do not simulate the economy's transition path … our model's economy's present value of consumption. This efficiency gain reflects the Tax Reform's reduction in corporate …