It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue … critically hinge on the existence of a bequest motive. It is shown that a wage-tax cut is no longer growth-enhancing when … bequests are operative. By way of contrast, increasing productive public services may well boost growth. The theoretical …

It has been shown that higher capital taxes can have a growth-enhancing effect when combined with a revenue … critically hinge on the existence of a bequest motive. It is shown that a wage-tax cut is no longer growth-enhancing when … bequests are operative. By way of contrast, increasing productive public services may well boost growth. The theoretical …

of mortality inequality within the U.S. Social Security system. Utilizing an OLG endogenous growth model of the U … income inequality. I find that the assumption of mortality homogeneity biases the equilibrium growth rate and welfare … suppresses growth and that, for a given range of subsidy rates, the fully funded system Pareto dominates PAYG in both the medium …

generations with equilibrium growth. We adopt realistic mortality and other demographic assumptions and allow for the presence or … Security, and for all households subsequent. Growth and welfare are lower in economies without annuities, but the quantitative … annuities, the presence of a PAYGO Social Security program reduces growth and welfare …

We forecast income growth over the period 2000-2050 in the US, Canada, and France. To ground the forecasts on … into account the interaction between education and work experience. Forecasts show that growth will be weaker over the … slightly stimulate growth but would have no real impact on the gap between the countries …

growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by … reapingsubstantial efficiency gains and inducing strong growth, eliminates the Covid debt, protects per capita social entitlements and …

choice, wage subsidies may be better than pure transfers. Using a simple growth model, the optimal size of the public welfare …-section of 75 countries, the partial correlation between transfers and growth is shown to be significantly positive …

This paper attempts to analyze the growth effects of social security expenditures in Germany from a time series … perspective. Therefore, a regression model based on standard determinants of growth is specified and estimated as a vector error … correction model. Results show that there is a bidirectional relationship between growth and social security expenditures. In the …

influences growth. Taxation of dividend income may also influence growth via its impact on investments and firm behavior. Within … dividends affect economic growth, by using panel data from 1990 till 2008 for 18 European countries. We find that taxation of … dividend income negatively influences economic growth, a result that corroborates the old view of dividends taxation as …