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Redistribution with unequal life expectancy

Köhne, Sebastian - 2023

optimal income tax policy using theory and calibration. A positive association between life expectancy and income counteracts … the well-known static pattern of declining marginal utility. As a result, the mechanical value of redistribution is … effects of the mechanical value of redistribution dominate, and the optimal marginal tax rates fall by up to 10 percentage …

Persistent link: https://www.econbiz.de/10014382962

Secular stagnation? : growth, asset returns and welfare in the next decades : first results

Geppert, Christian; Ludwig, Alexander; Abiry, Raphael - 2016

Ongoing demographic change will lead to a relative scarcity of raw labor to the effect that output growth will be decreasing in the next decades, a secular stagnation. As physical capital will be relatively abundant, this decrease of output will be accompanied by reductions of asset returns. We...

Persistent link: https://www.econbiz.de/10011537898

Incidence of capital income taxation in a lifecycle economy with firm heterogeneity

Tran, Chung; Wende, Sebastian - 2021

Persistent link: https://www.econbiz.de/10012623898

The intergenerational incidence of green tax reform

Rausch, Sebastian; Yonezawa, Hidemichi - In: Climate change economics 9 (2018) 1, pp. 1-25

Persistent link: https://www.econbiz.de/10011859579

A historical welfare analysis of Social Security : whom did the program benefit?

Peterman, William B.; Sommer, Kamila - In: Quantitative economics : QE ; journal of the … 10 (2019) 4, pp. 1357-1399

A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...

Persistent link: https://www.econbiz.de/10012202816