This paper investigates the effect of shifting taxes from labor income to consumption on labor
supply and the distribution of income in Germany. We simulate stepwise increases in the …

This paper investigates the labor market impact of four often proposed policy measures for
sustainable pensions: strengthening the tax benefit link, moving from wage to price …

This paper examines the sensitivity of the growth-inequality tradeoff to the progressivity of
the tax structure. Using an endogenous growth model calibrated to approximate the US tax …

Microsimulation (MS) and Computable General Equilibrium models (CGE) have both been
widely used in policy analysis. Their combination allows the utilisation of the advantages of …

Aging has complex effects on the markets for real capital—capital used in the production of
goods and services, and housing capital. If elderly people save less than younger people …

This paper examines the role of bequests and inter vivos gifts in the US economy,
considering their importance for the economy's (i) aggregate capital stock,(ii) distribution of …

Ageing populations in advanced economies are placing ever‐increasing demands on
government spending in the form of old‐age benefits, particularly for health care. Economies …

Economic inequality is fundamentally about differences in spending power, ie, the ability to
engage in current and future consumption. The literature, though, has focused largely on …

Alone among developed countries, the United States has no broad-based national
consumption tax. Yet, economic analysis suggests that consumption taxation is superior to …

We use an overlapping generations (OLG) life-cycle model with distortionary taxation on
labor and capital to derive a threshold dependency ratio, ie a point in the cross-section …