The paper considers the efficiency of the pay-as-you-go pension system with endogenous labor supply, when contributions are collected as an income tax. Results from the literature state that in this case a Pareto-improving transition path to a fully-funded system exists, if the interest rate is...

Inherited wealth creates a second distinguishing characteristic of individuals, in addition to earning abilities. We incorporate this fact into a model of optimal labor income taxation, with bequests motivated by joy of giving. We find that taxes on bequests or on inheritances allow further...

Johann Kurt Brunner/Hans-Georg Petersen (Herausgeber): Simulation Models in Fax and Transfer Policy. Proceedings of an International Symposium. Campus Verlag, Frankfurt/New York 1990. 573 Seiten, 88 DM

Main description: Der Tagungsband 2003 des Finanzwissenschaftlichen Ausschusses zum Thema "Finanzpolitik und Umverteilung" bietet einen kompetenten Überblick über neuere Entwicklungen auf dem politisch aktuellen Forschungsfeld der Umverteilungspolitik, den in dieser synoptischen und kompakten...