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The Welfare Gains o...
The Welfare Gains of Age Related Optimal Income Taxation
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- Bastani, Spencer (författare)
- Uppsala University
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- Blomquist, Sören (författare)
- Uppsala University ; CESifo, Germany
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- Micheletto, Luca (författare)
- Uppsala University ; University of Milan, Italy ; Bocconi University, Italy ; CESifo, Germany
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(creator_code:org_t)
- Uppsala : Uppsala universitet, 2010
- Engelska 46 s.
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Serie: Working Paper, Uppsala Center for Fiscal Center, Uppsala Universitet ; 2010:12
- Relaterad länk:
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Abstract
Ämnesord
Stäng
- Using a calibrated overlapping generations model we quantify the welfare gains of an age dependent income tax. Agents face uncertainty regarding future abilities and can by saving transfer consumption across periods. The welfare gain of switching from an age-independent to an age-dependent nonlinear tax amounts in our benchmark model to around three percent of GDP. The gains are particularly high when there are restrictions on debt policy. The gains of using a nonlinear- as opposed to a linear tax are even larger. Surprisingly, it is of secondary importance to optimally choose the tax on interest income.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- labor income taxation
- capital income taxation
- age-dependent taxes
- OLG model
- Economics
- Nationalekonomi
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)