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-sum taxation. By contrast, the political equilibrium may entail inefficiently high mitigation or inefficiently high adaptation (but …
Persistent link: https://www.econbiz.de/10011431258
-sum taxation. By contrast, the political equilibrium may entail inefficiently high mitigation or inefficiently high adaptation (but …
Persistent link: https://www.econbiz.de/10011418012
We analyze the German ecotax package in a model of overlapping generations and majority voting. The package consists of the ecotax rate and the budgetary rule which assigns a fraction of the tax revenue to the reduction of pension contributions while holding pension benefits constant. The old...
Persistent link: https://www.econbiz.de/10009671100
-sum taxation. By contrast, the political equilibrium may entail inefficiently high mitigation or inefficiently high adaptation (but …
Persistent link: https://www.econbiz.de/10012997332
-insurance in the second-best) is also subject to (positive or negative) taxation. Social LTC provision is never second-best optimal …
Persistent link: https://www.econbiz.de/10013104574
We study the design of child-care policies when redistribution matters. Traditional mothers provide some informal child … redistribution across couples and efficiency are separable. Redistribution is performed via lump-sum transfers and taxes which are … care at a Pigouvian rate. However, in a second-best setting, a trade-off between efficiency and redistribution emerges. The …
Persistent link: https://www.econbiz.de/10012129857
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10011451223
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10011449932
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10013001310
Persistent link: https://www.econbiz.de/10012181471