On the desirability of taxing capital income in optimal social insurance
| dc.contributor.author | Jacobs, Bas | |
| dc.contributor.author | Schindler, Dirk | |
| dc.date.accessioned | 2020-04-22T12:04:34Z | |
| dc.date.available | 2020-04-22T12:04:34Z | |
| dc.date.issued | 2012 | eng |
| dc.description.abstract | This paper analyzes optimal linear taxes on labor income and savings in a two-period life-cycle model with ex ante identical households, endogenous leisure demands in both periods, and general processes of skill shocks over the life cycle. We demonstrate that the Atkinson–Stiglitz theorem breaks down under risk. Capital taxes are employed besides labor income taxes for two distinct reasons: i) capital taxes reduce labor supply distortions on second-period labor supply, since second-period labor supply and saving are substitutes, ii) capital taxes insure first-period income risk, although this benefit is partially off-set because first-period labor supply and saving are complements. Our results imply that (retirement) saving should not be actuarially fair. | eng |
| dc.description.version | published | eng |
| dc.identifier.doi | 10.1016/j.jpubeco.2012.05.008 | eng |
| dc.identifier.ppn | 427815037 | |
| dc.identifier.uri | https://kops.uni-konstanz.de/handle/123456789/30305.2 | |
| dc.language.iso | eng | eng |
| dc.rights | terms-of-use | |
| dc.rights.uri | https://rightsstatements.org/page/InC/1.0/ | |
| dc.subject.ddc | 330 | eng |
| dc.subject.jel | H21 | |
| dc.subject.jel | D80 | |
| dc.title | On the desirability of taxing capital income in optimal social insurance | eng |
| dc.type | JOURNAL_ARTICLE | eng |
| dspace.entity.type | Publication | |
| kops.citation.bibtex | @article{Jacobs2012desir-30305.2,
year={2012},
doi={10.1016/j.jpubeco.2012.05.008},
title={On the desirability of taxing capital income in optimal social insurance},
number={9-10},
volume={96},
issn={0047-2727},
journal={Journal of Public Economics},
pages={853--868},
author={Jacobs, Bas and Schindler, Dirk}
} | |
| kops.citation.iso690 | JACOBS, Bas, Dirk SCHINDLER, 2012. On the desirability of taxing capital income in optimal social insurance. In: Journal of Public Economics. Elsevier. 2012, 96(9-10), pp. 853-868. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2012.05.008 | deu |
| kops.citation.iso690 | JACOBS, Bas, Dirk SCHINDLER, 2012. On the desirability of taxing capital income in optimal social insurance. In: Journal of Public Economics. Elsevier. 2012, 96(9-10), pp. 853-868. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2012.05.008 | eng |
| kops.citation.rdf | <rdf:RDF
xmlns:dcterms="http://purl.org/dc/terms/"
xmlns:dc="http://purl.org/dc/elements/1.1/"
xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
xmlns:bibo="http://purl.org/ontology/bibo/"
xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
xmlns:foaf="http://xmlns.com/foaf/0.1/"
xmlns:void="http://rdfs.org/ns/void#"
xmlns:xsd="http://www.w3.org/2001/XMLSchema#" >
<rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/30305.2">
<dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2020-04-22T12:04:34Z</dc:date>
<dc:contributor>Jacobs, Bas</dc:contributor>
<dcterms:rights rdf:resource="https://rightsstatements.org/page/InC/1.0/"/>
<dc:language>eng</dc:language>
<foaf:homepage rdf:resource="http://localhost:8080/"/>
<dc:creator>Schindler, Dirk</dc:creator>
<dc:creator>Jacobs, Bas</dc:creator>
<dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
<dc:rights>terms-of-use</dc:rights>
<dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2020-04-22T12:04:34Z</dcterms:available>
<dc:contributor>Schindler, Dirk</dc:contributor>
<dcterms:abstract xml:lang="eng">This paper analyzes optimal linear taxes on labor income and savings in a two-period life-cycle model with ex ante identical households, endogenous leisure demands in both periods, and general processes of skill shocks over the life cycle. We demonstrate that the Atkinson–Stiglitz theorem breaks down under risk. Capital taxes are employed besides labor income taxes for two distinct reasons: i) capital taxes reduce labor supply distortions on second-period labor supply, since second-period labor supply and saving are substitutes, ii) capital taxes insure first-period income risk, although this benefit is partially off-set because first-period labor supply and saving are complements. Our results imply that (retirement) saving should not be actuarially fair.</dcterms:abstract>
<void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
<dcterms:issued>2012</dcterms:issued>
<bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/30305.2"/>
<dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
<dcterms:title>On the desirability of taxing capital income in optimal social insurance</dcterms:title>
</rdf:Description>
</rdf:RDF> | |
| kops.flag.isPeerReviewed | true | eng |
| kops.flag.knbibliography | true | |
| kops.sourcefield | Journal of Public Economics. Elsevier. 2012, <b>96</b>(9-10), pp. 853-868. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2012.05.008 | deu |
| kops.sourcefield.plain | Journal of Public Economics. Elsevier. 2012, 96(9-10), pp. 853-868. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2012.05.008 | deu |
| kops.sourcefield.plain | Journal of Public Economics. Elsevier. 2012, 96(9-10), pp. 853-868. ISSN 0047-2727. eISSN 1879-2316. Available under: doi: 10.1016/j.jpubeco.2012.05.008 | eng |
| relation.isAuthorOfPublication | 9a1d8afa-151b-439f-ae30-5389268bf215 | |
| relation.isAuthorOfPublication.latestForDiscovery | 9a1d8afa-151b-439f-ae30-5389268bf215 | |
| source.bibliographicInfo.fromPage | 853 | eng |
| source.bibliographicInfo.issue | 9-10 | eng |
| source.bibliographicInfo.toPage | 868 | eng |
| source.bibliographicInfo.volume | 96 | eng |
| source.identifier.eissn | 1879-2316 | eng |
| source.identifier.issn | 0047-2727 | eng |
| source.periodicalTitle | Journal of Public Economics | eng |
| source.publisher | Elsevier | eng |
| temp.internal.duplicates | <p>Keine Dubletten gefunden. Letzte Überprüfung: 27.01.2015 10:39:12</p> | deu |