We check the robustness of Feldstein’s finding that Social Security reduces private saving to two specifications not considered before in the literature: (1) constraining the coefficients on Social Security and household net worth to be equal; and (2) allowing the effect of wealth on...

In a general equilibrium model of endogenous capital utilization the comparative statics effects of the introduction of a tax on corporate-sector capital income are computed. The tax burden on capital is overestimated by as much as 333 percent by the Harberger exogenous utilization model if...

Examines the different options of individuals with different sources of income; private and public. Shows different results based on mobility or lack of mobility between jurisdictions and discusses the changes in tax rates.