G2TT
来源类型Discussion paper
规范类型论文
来源IDDP5929
DP5929 Taxing Capital? Not a Bad Idea After All!
Juan Carlos Conesa; Dirk Krueger; Sagiri Kitao
发表日期2006-11-05
出版年2006
语种英语
摘要This paper studies the determination through majority voting of a pension scheme when society consists of far-sighted and myopic individuals. All individuals have the same basic preferences but myopics tend to adopt a short term view (instant gratification) when dealing with retirement saving. Consequently, they will find themselves with low consumption after retirement and regret their insufficient savings decisions. Henceforth, when voting they tend to commit themselves into forced saving. We consider a pension scheme that is characterized by two parameters: the payroll tax rate (that determines the size or generosity of the system) and the 'Bismarckian factor' that determines its redistributiveness. Individuals vote sequentially. We examine how the introduction of myopic agents affects the generosity and the redistributiveness of the pension system. Our main result is that a flat pension system is always chosen when all individuals are of one kind (all far-sighted or all myopic), while a less redistributive system may be chosen if society is composed of both myopic and far-sighted agents. Furthermore, while myopic individuals tend to prefer larger payroll taxes than their far-sighted counterparts, the generosity of the system does not always increase with the proportion of myopics.
主题Public Economics
关键词Social security Myopia Dual-self model
URLhttps://cepr.org/publications/dp5929
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/534760
推荐引用方式
GB/T 7714
Juan Carlos Conesa,Dirk Krueger,Sagiri Kitao. DP5929 Taxing Capital? Not a Bad Idea After All!. 2006.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Juan Carlos Conesa]的文章
[Dirk Krueger]的文章
[Sagiri Kitao]的文章
百度学术
百度学术中相似的文章
[Juan Carlos Conesa]的文章
[Dirk Krueger]的文章
[Sagiri Kitao]的文章
必应学术
必应学术中相似的文章
[Juan Carlos Conesa]的文章
[Dirk Krueger]的文章
[Sagiri Kitao]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。