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Persistent link: https://www.econbiz.de/10012489542
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations … model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at …
Persistent link: https://www.econbiz.de/10012312268
Is the Spanish economy positioned at its optimal progressivity level in personal income tax? This article quantifies … progressivity would be optimal, even though it would involve an efficiency loss. The optimal reform of the tax schedule would reduce … wealth and income inequality at the cost of negative effects on capital, labor, and output. Finally, these theoretical …
Persistent link: https://www.econbiz.de/10013247545
Is the Spanish economy positioned at its optimal progressivity level in personal income tax? This article quantifies … progressivity would be optimal, even though it would involve an efficiency loss. The optimal reform of the tax schedule would reduce … wealth and income inequality at the cost of negative effects on capital, labor, and output. Finally, these theoretical …
Persistent link: https://www.econbiz.de/10014496141
We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations … model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at …
Persistent link: https://www.econbiz.de/10013314957
We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren....
Persistent link: https://www.econbiz.de/10010440978
Ýmrohoroðlu, Ýmrohoroðlu and Joines [1995, A life-cycle analysis of Social Security, Economic Theory, vol. 6, 83 …
Persistent link: https://www.econbiz.de/10010477151
-of-thumb consumers. We demonstrate that an unexpected increase in government spending increases income inequality and decreases wealth … inequality. In contrast to the conventional wisdom that the financing of additional expenditures by debt rather than taxes …
Persistent link: https://www.econbiz.de/10011458011
skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second … efficiently. In this paper, we use an overlapping generation model with human capital accumulation and inequality to derive a … mechanism which reduces income inequality and provides an incentive for all adults to invest more in education. As a consequence …
Persistent link: https://www.econbiz.de/10011849808
shown to be increasing in wealth inequality. The dynamic interaction between inequality and social security leads to growing …
Persistent link: https://www.econbiz.de/10012718407