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Population aging, social security and fiscal limits
Heer, Burkhard; Polito, Vito; Wickens, Michael R. - 2018
We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper … welfare of a number of policies often advocated to improve the sustainability of pension systems. New tax data on dynamic …
Persistent link: https://www.econbiz.de/10011864671
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A simulation method to measure the tax burden on highly skilled manpower
Elschner, Christina; Schwager, Robert - 2006
A model is presented for simulating the tax burden on highly skilled manpower. The effective average tax rate, defined as the relative wedge between employment costs and disposable income, is computed. Income and payroll taxes and social security contributions not yielding an equivalent benefit...
Persistent link: https://www.econbiz.de/10010300176
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Social Security Reform in the US: Lessons from Hungary
Simonovits, András - 2006
The partial privatization of the US Social Security system was clearly the top economic policy priority for the new Bush administration. While many famous economists, publicists and politicians support, others reject the partial privatization of the Social Security system. The international...
Persistent link: https://www.econbiz.de/10010494349
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The commitment value of prefunded pensions
Garon, Jean-Denis - 2015
This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot … commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces …
Persistent link: https://www.econbiz.de/10011405644
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PIIGS ‘R’ Us? The Coming U.S. Debt Crisis and What Can Be Done About It
Richardson, Stephen - 2011
reform, the U.S. risks joining the PIIGS – Portugal, Ireland, Italy, Greece and Spain – on the road to ruin through …
Persistent link: https://www.econbiz.de/10013122134
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Pensions and Retirement Incentives. A Tale of Three Countries : Italy, Spain and the USA
Brugiavini, Agar; Peracchi, Franco; Wise, David A. - 2003
the labour force in three countries: Italy, Spain and the USA. Our works stresses the importance of dynamic incentives …
Persistent link: https://www.econbiz.de/10014088795
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Restoring Fiscal Sustainability in the United States
Lenain, Patrick - 2013
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the...
Persistent link: https://www.econbiz.de/10014156730
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Smoking: Taxing health and social security
Armour, Brian S.; Pitts, M. Melinda - 2006
While the health risks associated with smoking are well known, the impact on income distributions is not. This paper extends the literature by examining the distributional effects of a behavioral choice, in this case smoking, on net marginal Social Security tax rates (NMSSTR). The results show...
Persistent link: https://www.econbiz.de/10010292226
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Social Security's Five OASI Inflation Indexing Problems
Lovell, Michael C. - 2008
This paper examines five problems with the inflation indexing procedures used by the Social Security Administration of the United States in taking inflation into account when calculating Old Age and Survivors Insurance (OASI) Benefits. Because of Problem #1, the commingling of unindexed with...
Persistent link: https://www.econbiz.de/10010298570
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Social Security's Five OASI Inflation Indexing Problems
Lovell, Michael C. - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-3, pp. 1-41
This paper examines five problems with the indexing procedures used by the Social Security Administration of the United States in taking inflation into account when calculating Old Age and Survivor Insurance (OASI) Benefits. Because of the commin-gling of unindexed with indexed earnings, a...
Persistent link: https://www.econbiz.de/10010298623