This paper and its companion study, Fehr, Jokisch, and Kotlikoff (2004), develop a three-
region dynamic general equilibrium life-cycle model to analyze general and skill-specific …

Carbon taxation is mostly studied in social planner or infinitely lived‐agent models, which
obscure carbon taxation's potential to produce a generational win win. This article's large …

This paper estimates the effects of exogenous changes in income and consumption taxes.
The tax shocks are proxied with a narrative account of tax liability changes in the United …

This study considers replacing the current US tax system with only a flat tax consumption tax,
showing, in contrast to the literature, that such a reform leads to a decline in inequality and …

On Economic June 7, 2001, Growth President and Tax George Relief W. Reconciliation
Bush signed Act the Economic Growth and Tax Relief Reconciliation Act (EGTRRA, PL 107 …

China's population aging problem is more severe than other countries because of the one-
child policy adopted in the early 1980s, and the current social security system is not …

We study Pareto optimal policy reforms aimed at overhauling retirement financing as an
integral part of the tax and transfer system. Our framework for policy analysis is a …

This paper computes optimal top marginal tax rates in Bewley-Huggett-Aiyagari–type
economies that include entrepreneurs. Consistent with the data, entrepreneurs are …

The developed word stands at the fore of a phenomenal demographic transition. Over the
next 30 years the number of elderly in the US, the EU, and Japan will more than double. At …

We provide a quantitative evaluation of the impact of Universal Basic Income (UBI) as an
alternative to the existing system of means-tested transfers. We explore varying levels of UBI …