Similar Search Results

Efficiency versus insurance: capital income taxation and privatizing social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10012653219

Consolidating the Covid debt

Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021

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 …

Persistent link: https://www.econbiz.de/10012796971

Optimal dynamic carbon taxation in a life-cycle model with distortionary fiscal policy : conference paper

Abrell, Jan; Rausch, Sebastian - 2014 - First version (preliminary!): February 4, 2014

We quantitatively characterize optimal carbon, capital, and labor income taxes in an economy-climate integrated assessment model that features overlapping generations and distortionary fiscal policy. First, we show that the optimal carbon tax significantly differs from the Pigouvian carbon levy...

Persistent link: https://www.econbiz.de/10010487731

EDGE-M3: a dynamic general equilibrium micro-macro model for the EU member states

D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2020

This paper provides a technical description of the overlapping generations model used by the Joint Research Centre to analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies in its high level of disaggregation and the close...

Persistent link: https://www.econbiz.de/10012241664

Capital income taxation and reforming social security in an OLG economy

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - In: Journal of economic dynamics & control 165 (2024), pp. 1-19

Persistent link: https://www.econbiz.de/10015051127

Fiscal Sustainability and Public Debt in an Endogenous Growth Model

Moraga, Jesús Fernández-Huertas; Vidal, Jean-Pierre - 2021

This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from … outlook for economic growth, thereby providing a rationale for fiscal rules ensuring sustainability. Our results show that the … (change in the population growth rate) under different fiscal policy scenarios …

Persistent link: https://www.econbiz.de/10013319069

The Taxation of Internationally Portable Pensions : Fiscal Issues and Policy Options

Genser, Bernd - 2016

Pension policy reforms across the world in recent decades are a reaction to the changing demographic and socioeconomic environment. While pension scheme redesign has received much attention, the tax treatment of contributions, returns, and benefits of retirement savings remains mostly unattended...

Persistent link: https://www.econbiz.de/10012998722

Aging, inadequacy, and fiscal constraint : the case of Thailand

Phitawat Poonpolkul; Ponpoje Porapakkarm; Nasi Wada - In: International studies of economics 19 (2024) 1, pp. 35-67

We use an overlapping generations model to study the challenge in developing countries with a large informal sector and aging population. We use Thailand as a case study and incorporate its labor market structure and its public pension system into the calibrated model. Unlike developed...

Persistent link: https://www.econbiz.de/10014513260

Government debt as insurance against macroeconomic risk

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2001

Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...

Persistent link: https://www.econbiz.de/10011405711

Pension systems (un)sustainability and fiscal constraints : a comparative analysis

Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2023

Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...

Persistent link: https://www.econbiz.de/10014292762

1
2
3
4
5
6
7
8
9
10
Next
Last