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Moser, Christian - 2019

We study optimal savings policies when there is a dual concern about undersaving for retirement and income inequality … policy instruments: mandatory savings at low incomes but a choice between subsidized savings vehicles at high incomes …--resembling Social Security, 401(k) and IRA accounts in the US. Offering more savings choice at higher incomes facilitates redistribution …

Persistent link: https://www.econbiz.de/10012901971

Saving the Euro : Creating Social Regional Currencies, Taxes on Financial Transactions, and Minimum Income Programs

Basso, Leonardo Cruz - 2017

This paper proposes the creation of regional currencies, which we call social currencies; (pesetas, dracmas, liras, and deutsche marks); with the finality of financing minimum income programs and micro-finance programs in Europe. The backing for this currency will be Euros collected, based on...

Persistent link: https://www.econbiz.de/10012974304

Fiscal Dividend from Saving, Investment and Per Capita Income Growth in Sub-Saharan Africa : Panel Data Analysis

Aikaeli, Jehovaness - 2015

terms of cushioning the revenue. In view of this, enhancing national savings (both public and private) in SSA can …

Persistent link: https://www.econbiz.de/10013009973

Taxes, Saving, and Macroeconomics

Buchanan, Neil H. - 2006

In response to increasing calls for policies to raise the U.S. saving rate, proposals are once again being offered in Congress to change the tax base from income to consumption. Beyond the important issues of income distribution (that is, outright unfairness) inherent in such a plan, it would...

Persistent link: https://www.econbiz.de/10014074087

Optimal Capital Taxation and Precautionary Savings

Chen, Yunmin; Chien, YiLi; Yang, C.C - 2021

) model. One is the production inefficiency caused by precautionary savings. The other is the wealth redistribution role … with a degenerated distribution of wealth while preserving the role of precautionary savings. The degenerated wealth …' precautionary savings in the HAIM model …

Persistent link: https://www.econbiz.de/10014087941

On Policy Relevance of Ramsey Tax Rules

Selim, Sheikh - 2007

The Ramsey approach to optimal taxation and Ramsey tax rules have amassed substance in economic theory. However, they are often criticized on grounds of practicality, fairness, feasibility and some other aspects of designing actual tax policy. This paper presents a collection of these views; it...

Persistent link: https://www.econbiz.de/10010295239

On policy relevance of Ramsey tax rules

Selim, Sheikh Tareq - 2006

Persistent link: https://www.econbiz.de/10010322754

Optimal Carbon Pricing and Income Taxation Without Commitment

Schmitt, Alex - 2018

At what rate should a government price carbon emissions? This paper analyzes optimal carbon pricing while taking into account interactions with the taxation of labor and capital income. In an otherwise standard climate-economy model, the policy maker has to resort to a distortionary tax on labor...

Persistent link: https://www.econbiz.de/10011956677

Anatomy of policy complementarities

Orszag, Jonathan Michael; Snower, Dennis J. - 1999

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...

Persistent link: https://www.econbiz.de/10010273118

The Inconsistency Puzzle Resolved: an Omitted Variable

Arefiev, Nikolay - 2008

The contemporary version of the dynamic Ramsey problem omits expectations of a household’s initial lump-sum wealth taxation due to policy revision; therefore, the attainable resource allocation set in this problem is ill-defined. This omission leads to misleading conclusions about the optimal...

Persistent link: https://www.econbiz.de/10011496067