ID | 41456 |
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Sort Key | 1
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Title Alternative | Heterogeneous Labor Endowments and Tax Reforms in Aging Japan: Progressive Taxes and Intragenerational Redistribution
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FullText URL | |
Author |
Okamoto, Akira
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Abstract | This paper examines the effects of a progressive labor income tax scheme and a progressive consumption tax scheme on capital stock and on
intragenerational wealth distribution in Japan, the society with an aging population. To analyze the problem, we adopt a simulation approach for
an extended life-cycle general equilibrium model of overlapping generations. As a progressive tax is likely to mitigate the inequality of resource distribution, it is crucial to allow for the existence of heterogeneous labor. This is incorporated by assuming that each cohort
has three representative individuals with equal tastes but unequal annual labor endowments, corresponding to three income classes, namely,
low, middle, and high income classes. As the simulation results indicate, a progressive labor income tax shrinks the inequality in the distribution of wealth, while a progressive consumption tax furthers slightly.
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Note | 論説 (Article)
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Publication Title |
岡山大学経済学会雑誌
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Published Date | 2000-06-10
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Volume | volume32
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Issue | issue1
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Publisher | 岡山大学経済学会
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Publisher Alternative | The Economic Association of Okayama University
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Start Page | 1
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End Page | 48
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ISSN | 0386-3069
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NCID | AN00032897
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Content Type |
Journal Article
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OAI-PMH Set |
岡山大学
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language |
Japanese
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File Version | publisher
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NAID | |
Eprints Journal Name | oer
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