Lifecycle earnings risk and insurance: new evidence from Australia
This paper studies the nature of earnings dynamics in Australia, using the Household, Income and Labour Dynamics in Australia (HILDA) Survey 2001-2020.
Incidence of capital income taxation in a lifecycle economy with firm heterogeneity
In the paper, the authors study the incidence of capital income taxation in a dynamic general equilibrium model with heterogeneous firms and lifecycle households.
Sustainable and equitable pensions with means testing in ageing economies
A means-tested pension system has a distinct feature that tailors the level of pension benefits according to individual status.
Optimal progressive income taxation in a Bewley-Grossman framework
We study optimal income tax progressivity in an environment where individuals are exposed to idiosyncratic income and health risks over the lifecycle. Our results, based on a calibration for the US economy, indicate that the presence of health risk combined with incomplete insurance markets amplifies...
On the marginal excess burden of taxation in an overlapping generations model
This paper asserts that broader analysis of more tax instruments confirms that the relatively larger excess burden of company taxes ultimately falls on households.