Rising earnings inequality and optimal income tax and social security policies

• 成果类型: Article
• 署名作者: Brendler, Pavel
• 署名单位: University of Bonn
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2022.10.004
• 发表日期: 2023
• 页码: 35-52
• 关键词: optimal tax; progressive taxation; Social Security; earnings inequality; Aging population

摘要

How did the US government preferences over income redistribution across generations and within generations change during 1980-2010? Using a rich quantitative model in which a Ramsey government chooses income taxation and Social Security, I decompose the total change in the actual policies into the impact of new economic and demographic condi-tions and government preferences. I find that the US government preferences have shifted toward more educated and older households since the 1980s. Preferences over income re-distribution within and across generations interact and, therefore, must be analyzed jointly.(c) 2022 Elsevier B.V. All rights reserved.