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  • Electronic Resource  (6)
Material
  • Electronic Resource  (6)
Years
  • 1
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd
    Economics & politics 5 (1993), S. 0 
    ISSN: 1468-0343
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Political Science
    Notes: This paper explores the implications of generational selfishness in a model in which each generation has its own government. Such selfish generational governments will potentially distort the economy along a number of dimensions. One is the monopolization of factor supplies; another is the under- or overprovision of durable public goods. We demonstrate that selfish generations may place sizable marginal taxes on their factor supplies in order to monopolize their factor markets. We also show that selfish generations will provide inefficient levels of durable public goods both at the local and national levels. Finally, we demonstrate that generational inefficiencies can arise even in models of cooperative bargaining because of the first-mover advantage of earlier generations.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Economists' voice 3.2006, 6, art4 
    ISSN: 1553-3832
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Laurence Kotlikoff presents a humorous take on Lawrence Summers' alleged suggestion that economists are smarter than sociologists.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Economists' voice 3.2006, 2, art5 
    ISSN: 1553-3832
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Laurence Kotlikoff argues that it is high time the U.S. gets its fiscal house in order, and he tells us exactly how with three big ideas.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Economists' voice 3.2006, 6, art3 
    ISSN: 1553-3832
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Laurence Kotlikoff gives the current tax system a D, the President's Tax Reform Panel proposal a B+ and explains what his A+ tax system would look like.
    Type of Medium: Electronic Resource
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  • 5
    Electronic Resource
    Electronic Resource
    Springer
    Economic theory 6 (1995), S. 51-81 
    ISSN: 1432-0479
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary The 1986 Tax Reform Act (TRA) had little effect on the overall U. S. effective capital income tax rate. However, TRA significantly reduced differences in effective taxation of corporate and noncorporate capital for a number of U. S. industries. The Mutual Production Model developed in Gravelle and Kotlikoff (1989) can be used to study the efficiency gains from the reduction in corporate tax wedges within industries. Unlike the Harberger Model, the Mutual Production Model permits both corporate and noncorporate firms to produce the same goods and, therefore, to coexist within a given industry. This paper develops an 11-industry-55-year dynamic life cycle version of the Mutual Production Model. We use this model to study the steady-state efficiency gains associated with the new law. While we do not simulate the economy's transition path, our steady-state welfare changes are those that arise from compensating transitional generations for the first-order redistribution of income associated with the Tax Reform. We find that the 1986 Tax Reform law reduces excess burden by 85 percent of our model's economy's present value of consumption. This efficiency gain reflects the Tax Reform's reduction in corporate-noncorporate tax wedges, particularly in those industries with significant noncorporate production. Measured as a flow the 1988 estimated efficiency gain from the Tax Reform Act is $31 billion.
    Type of Medium: Electronic Resource
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  • 6
    Electronic Resource
    Electronic Resource
    Springer
    International tax and public finance 4 (1997), S. 201-228 
    ISSN: 1573-6970
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper uses a recently-developed technique, calledgenerational accounting, to assess New Zealand's long-term fiscalposition. Generational accounting has become a popular alternativeto traditional deficit accounting, because it provides a moreaccurate picture of the intergenerational distribution of fiscalburdens and the associated macroeconomic effects, particularlyin the presence of demographic transitions and large unfundedpublic transfer programs. Past studies have suggested the existenceof significant generational imbalances in several countries. We find that behind New Zealand's projectedbudget surpluses, there is indeed a sound fiscal picture. Evenunder the base case scenario, which entails substantial short-runtax reductions, the burden on future generations (relative toincome) is projected to fall slightly below that on current newborns.New Zealand appears to have avoided the large fiscal imbalancesplaguing the United States and other OECD countries not by placinglarge tax burdens on young current generations, but by limitingthe size of its commitments.
    Type of Medium: Electronic Resource
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