Jones, John Bailey
The effects of collecting income taxes on social security benefits / John Bailey Jones, Yue Li .-- , 2018
Disponible únicamente en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
Since 1983, Social Security benefits have been subject to income taxation, a provision that can significantly
increase the marginal income tax rate for older individuals. To assess the impact of this tax, we construct and calibrate a detailed life-cycle model of labor supply, saving, and Social Security claiming. We find that in a longrun stationary environment, replacing the taxation of Social Security benefits with a revenue-equivalent change in the payroll tax would increase labor supply, consumption, and welfare. From an ex-ante perspective an equally desirable reform would be to make the portion of benefits subject to income taxes completely independent of other income.
SEGURIDAD SOCIAL
EMPLEO
IMPUESTOS
MODELOS ECONOMETRICOS
Li, Yue
Journal of Public Economics 0047-2727 n. 159, 2018, p. 125-145
The effects of collecting income taxes on social security benefits / John Bailey Jones, Yue Li .-- , 2018
Disponible únicamente en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
Since 1983, Social Security benefits have been subject to income taxation, a provision that can significantly
increase the marginal income tax rate for older individuals. To assess the impact of this tax, we construct and calibrate a detailed life-cycle model of labor supply, saving, and Social Security claiming. We find that in a longrun stationary environment, replacing the taxation of Social Security benefits with a revenue-equivalent change in the payroll tax would increase labor supply, consumption, and welfare. From an ex-ante perspective an equally desirable reform would be to make the portion of benefits subject to income taxes completely independent of other income.
SEGURIDAD SOCIAL
EMPLEO
IMPUESTOS
MODELOS ECONOMETRICOS
Li, Yue
Journal of Public Economics 0047-2727 n. 159, 2018, p. 125-145