Optimal taxation, prudence and risk-sharing
Article Abstract:
The trade off between the incentives effect of uncertainty and the welfare benefit of social insurance in the design of optimal tax schedules is discussed. It also shows, how the optimal amount of social insurance, depends on the strength of the precautionary motives related to risk aversion.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2004
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Optimal taxation, prudence and risk-sharing
Article Abstract:
The trade off between the incentives effect of uncertainty and the welfare benefit of social insurance in the design of optimal tax schedules is discussed. It also shows, how the optimal amount of social insurance, depends on the strength of the precautionary motives related to risk aversion.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Positive arithmetic of the welfare state
Article Abstract:
The homogeneity of retirees as a voting group and unflinching support from the low-income youth has been the secret of the popularity of the social security program.
Publication Name: The Journal of Public Economics
Subject: Government
ISSN: 0047-2727
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
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