Reference : Efficient taxation with differential risks of dependence and mortality
Scientific journals : Article
Business & economic sciences : Economic systems & public economics
Efficient taxation with differential risks of dependence and mortality
Nishimura, Y. [Osaka University, Japan]
Pestieau, Pierre mailto [Université de Liège - ULiège > HEC Liège > HEC Liège >]
Economics Bulletin
Economics Bulletin
Yes (verified by ORBi)
[en] The purpose of this note is to analyze the optimal tax and transfer policies that should be conducted in a society where individuals differ according to their productivity and their risk of mortality and dependency. We show that according to the most reasonable estimates of correlation among these three characteristics, an optimal policy should consist of a tax on earning and second period consumption and of a subsidy on long term care spending. Also, the implicit tax on saving is positive.

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