lnu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Welfare Gains Of Age-Related Optimal Income Taxation
Uppsala University.ORCID iD: 0000-0001-8683-0168
Uppsala University.
University of Milan, Italy.
2013 (English)In: International Economic Review, ISSN 0020-6598, E-ISSN 1468-2354, Vol. 54, no 4, p. 1219-1249Article in journal (Refereed) Published
Resource type
Text
Abstract [en]

Using an overlapping generations model with skill uncertainty and private savings, we quantify the gains of age-dependent labor income taxation. The total steady-state welfare gain of switching from age-independent to age-dependent nonlinear taxation varies between 2.4% and 4% of GDP. Part of the gain descends from relaxing incentive-compatibility constraints and part is due to capital-accumulation effects. The welfare gain is of about the same magnitude as that which can be achieved by moving from linear to nonlinear income taxation. Finally, the welfare loss from tax-exempting interest income is negligible under an optimal age-dependent labor income tax.

Place, publisher, year, edition, pages
2013. Vol. 54, no 4, p. 1219-1249
National Category
Economics and Business
Research subject
Social Sciences; Economy
Identifiers
URN: urn:nbn:se:lnu:diva-51252DOI: 10.1111/iere.12034ISI: 000326107700007OAI: oai:DiVA.org:lnu-51252DiVA, id: diva2:913803
Available from: 2013-11-27 Created: 2016-03-22 Last updated: 2025-05-07Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Authority records

Bastani, Spencer

Search in DiVA

By author/editor
Bastani, Spencer
In the same journal
International Economic Review
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 161 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf