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标题：Simulating the Dynamic Macroeconomic and Microeconomic Effects of the FairTax
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作者：Sabine Jokisch ; Laurence J. Kotlikoff
期刊名称：National Tax Journal
印刷版ISSN：0028-0283
出版年度：2007
卷号：2007
期号：jun
出版社：National Tax Association
摘要：America's aging coupled with high and growing old–age health and pension benefits augers for much higher payroll taxes, with damaging effects on the U.S. economy. This prognosis is supported by our analysis of a detailed dynamic life–cycle general equilibrium model. The FairTax, which proposes to replace the federal payroll, personal income, corporate income, and estate tax with a progressive consumption tax, offers a potential alternative to this dismal economic future. According to our simulation model, these policy changes would lead to major improvements in the U.S. capital stock, long–run real wages and the well–being of the majority of Americans.