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BL
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| Record Number
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864365
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| Main Entry
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Simonovits, András
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| Title & Author
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Simple models of income redistribution /\ András Simonovits.
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| Publication Statement
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Cham, Switzerland :: Palgrave Macmillan,, [2018]
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| Page. NO
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1 online resource
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| ISBN
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3319725025
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: 9783319725024
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3319725017
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9783319725017
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Intro; Preface; References; Contents; List of Tables; 1 Introduction; 1.1 Empirical Background; 1.2 Specifics of the Book; 1.3 Outline of the Book; References; 2 Introductory Tax Models; 2.1 Introduction; 2.2 Intragenerational Redistribution with Flexible Labor Supply; 2.3 Income Redistribution with Tax Morale; 2.4 Conclusions; References; 3 Introductory Pension Models; 3.1 Introduction; 3.2 Myopia and Mandatory Pension; 3.3 Longevity Risk and Public Lifetime Annuity; 3.4 Social Insurance of Old-Age Income; 3.5 Conclusions; References; 4 Four Pension Models with Two Types; 4.1 Introduction
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11.3 Numerical Illustration11.4 Conclusions; References; 12 Models of Political Economy; 12.1 Introduction; 12.2 Voting on Taxation; 12.3 Voting on Pensions; 12.4 Conclusions; References; 13 Imperfect Knowledge of Transfer Rules: Irrational Inattention; 13.1 Introduction; 13.2 Underestimating the Collected Taxes; 13.3 Pension Framework; 13.4 Hidden Loss at Entering the Mixed System; 13.5 Underestimating the Delayed Retirement Credit; 13.6 Conclusions; References; 14 Wage-Dependent Longevity and Pension Benefits; 14.1 Introduction; 14.2 Time- and Age-Invariant Wages and Common Retirement Ages
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14.3 Heterogeneous Retirement Ages14.4 Partial Wage Indexation of Benefits; 14.5 Conclusions; References; 15 Dynamic Extensions; 15.1 Introduction; 15.2 Budget Balances and Government Debt; 15.3 Propagation of a Tax Rate Reduction; 15.4 Overlapping Generations; 15.5 Conclusions; References; 16 Conclusions; References; Appendices; List of Symbols; Thesaurus; Index
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4.2 Proportional (Earnings-Related) Pension4.3 Means-Tested Pension System; 4.4 Cap on the Pension Contribution Base; 4.5 Voluntary Pensions; 4.6 Conclusions; References; 5 Proportional (Earnings-Related) Pension System; 5.1 Introduction; 5.2 Model; 5.3 Numerical Illustrations; 5.4 Conclusions; References; 6 Progressive Transfer Systems; 6.1 Introduction; 6.2 Progressive Taxation or Progressive Pensions; 6.3 Flat vs Means-Tested Pension and Pension Credit; 6.4 Conclusions; References; 7 Cap on Contribution Base; 7.1 Introduction; 7.2 Model; 7.3 Numerical Illustrations; 7.4 Conclusions
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| Abstract
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The rising role of intra- and intergenerational transfers (e.g. basic income, child benefit and public pensions) characterises modern economies, yet most models depicting these transfers are too sophisticated for a wider but mathematically trained audience. This book presents simple models to fill the gap. The author considers a benevolent government maximizing social welfare by anticipating citizens' shortsighted reaction to the transfer rules. The resulting income redistribution is analyzed for low tax morale, strong labor disutility and heterogeneous life expectancy. Key issues that the book addresses include the socially optimal pension contribution rate, retirement age, and redistribution programs. The author concludes by removing some strong restrictions and introducing median voter, incomplete information and dynamic complications. The book will be of value for graduate students and researchers interested in public economics, especially in public and private pensions.
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| Subject
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Distributive justice.
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Econometric models.
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Income distribution-- Mathematical models.
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BUSINESS ECONOMICS-- Economics-- Macroeconomics.
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Distributive justice.
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Econometric models.
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Income distribution-- Mathematical models.
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POLITICAL SCIENCE-- Economic Conditions.
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| Dewey Classification
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339.2
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| LC Classification
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HB523
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