Quantifying the Laffer Curve on the Continued Activity Tax in a Dynastic Framework - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue International Economic Review Année : 2008

Quantifying the Laffer Curve on the Continued Activity Tax in a Dynastic Framework

Résumé

It is argued that the tax on continued activity should be removed by implementing actuariallyfair schemes. However, these schemes cannot fund the expected Social Security deficit. This paper proposes to give individuals a fraction of the actuarially-fair incentives in the case of postponed retirement. Social Security faces a trade-off between giving enough incentives to make individualselay retirement and giving little increase in pensions in order to help finance its expected deficit. This trade-off is captured by a Laffer curve. Finally, when the Social Security system aims to maximize welfare, the optimal tax on postponed retirement is still strictly positive.
Fichier principal
Vignette du fichier
Laffer.pdf (399.23 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00178465 , version 1 (11-10-2007)

Identifiants

Citer

Jean-Olivier Hairault, François Langot, Thepthida Sopraseuth. Quantifying the Laffer Curve on the Continued Activity Tax in a Dynastic Framework. International Economic Review, 2008, 49 (3), pp.755-797. ⟨10.1111/j.1468-2354.2008.00497.x⟩. ⟨halshs-00178465⟩
306 Consultations
257 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More