1,720,997 research outputs found
Should Italy switch to a flat tax? An assessment based on a heterogeneous agents OLG model
Full text linkWe use a heterogeneous agents overlapping generations (OLG) model to quantitatively assess the impact of a reform in which a personal income tax with increasing marginal tax rates is replaced by a flat tax possibly complemented with a deduction. The value of the flat tax rate is set in order to balance the government budget and accordingly it increases with the value of the deduction. The model is calibrated and simulated for Italy. For low values of the deduction, aggregate labor supply increases, though this aggregate effect masks a completely different impact on the intensive and the extensive margin of labor supply: in particular, the activity rate is reduced by the introduction of a flat tax. As to inequality, it rises and this increase can be mitigated by using an higher value of the tax deduction, which however dampens down the positive effect of a flat tax on economic performance. Finally, the effect of a flat tax on social welfare crucially depends on the degree of inequality aversion embedded in the social welfare function and on the Frisch elasticity of labor supply
Economic Development and Family Structure: from Pater Familias to the Nuclear Family. University of Verona Department of Economics Working Paper 29/2012 (ISSN 2036-2919) (una precedente versione è apparsa come Ires Discussion Paper 2010-39)
No full textWe provide a theory of the interaction between intergenerational living arrangements and economic development. We show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the social status of the elderly tends to deteriorate
PARTE PRIMA. Il sistema previdenziale
No full textIn questo lavoro si offre un descrizione el sistema previdenziale, evidenziandone le caratteristiche, le funzioni, le modalità di finanziamento e di determinazione delle prestazioni. Dopo un inquadramento teorico di carattere generale, ci si sofferma sull'esperienza istituzionale italiana, confrontandola anche con quella di altri paesi
Ireland
No full textThis paper aims at discussing the main features of Ireland’s tax system. Due to the reforms of the last decade, this small country is now characterized by an interesting combination of good economic growth and strong budgetary situation, along with a low fiscal pressure, in particular on corporations and labour
Il sistema previdenziale
No full textIn questo lavoro si offre un descrizione el sistema previdenziale, evidenziandone le caratteristiche, le funzioni, le modalità di finanziamento e di determinazione delle prestazioni. Dopo un inquadramento teorico di carattere generale, ci si sofferma sull'esperienza istituzionale italiana, confrontandola anche con quella di altri paes
Ireland
No full textThis Chapter aims at discussing the main features of Ireland’s tax system. Due to the reforms of the last decade, this small country is now characterized by an interesting combination of good economic growth and strong budgetary situation, along with a low fiscal pressure, in particular on corporations and labour
Taxation and Parental Time Allocation under Different Assumptions on Altruism
Full text linkIn this paper we develop an overlapping generations model in which child care matters for human capital accumulation. We investigate whether an increase in labor supply brought about by a reduction in taxes is always associated with a reduction in parental time devoted to children, which modifies their human capital accumulation process. We show that the result critically depends on the assumptions on the altruistic motives behind the choice of devoting time to children
Optimal Non-Welfarist Income Taxation for Inequality and Polarization Reduction
No full textWe adopt a non-welfarist approach to investigate the effect of different redistributive objectives on the shape of the optimal tax schedule. We consider inequality and income polarization reduction objectives and we identify socially desirable three brackets piecewise linear tax systems that allow to collect a given revenue. The optimal tax problem is formalized as the maximization of families of rank-dependent social evaluation function defined over net incomes. These functions allow to incorporate within the same social evaluation model concerns for inequality and for polarization reduction. Both with fixed and variable labour supply the optimal tax schemes substantially differ as the focus moves from the reduction of inequality to the one of polarization. In the case of inequality concerns the optimal tax system is mainly convex exhibiting increasing marginal tax rates unless when labour supply elasticities are higher. While in case of polarization concerns the optimal tax scheme is non-convex with reduced marginal tax rate for the upper income bracket
Intergenerational transmission of skills during childhood and optimal public policy. Cesifo Working Paper 3343 (ISSN: 1617-9595)
No full textThe paper characterizes the optimal tax policy and the optimal quality of day care services in a OLG model with warm-glow altruism where parental choices over child care arrangements affect the probability that the child becomes a high-skilled adult in a type-specific way. With respect to previous contributions, optimal tax formulas include type-specific Pigouvian terms which correct for the intergenerational externality in human capital accumulation. Our numerical simulations suggest that a public policy that disregards the effects of parental time on children's human capital entails a welfare loss that ranges from 0.2% to 5.7% of aggregate consumption
Taxation and parental time allocation under different assumptions on altruism
Full text linkThis paper examines the effects of labor income taxation on parental time allocation in an OLG model in which child care arrangements, that is the combination of parental and non-parental time, matter for human capital accumulation. We show that the sign of the impact of labor income taxation on parental time with children and on growth critically depends on the assumption on the altruistic motives behind the choice of devoting time to children
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