文章基本信息

标题：What Are the Economic and Labour Market Effects of an Income Tax Reduction Targeted at Older Workers?
本地全文：下载
作者：Maxime Fougère ; Simon Harvey ; Bruno Rainville 等
期刊名称：Economics Research International
印刷版ISSN：2090-2123
电子版ISSN：2090-2131
出版年度：2012
卷号：2012
DOI：10.1155/2012/461597
出版社：Hindawi Publishing Corporation
摘要：This paper explores the economic and labour market effects of implementing a tax reduction targeted at older workers. The analysis is conducted with a life-cycle computable general equilibrium model calibrated on Canadian data. The analysis shows that implementing a permanent income tax reduction for workers aged 60 and over has only small macroeconomic effects because the labour supply increase of older workers is partly offset by a reduction in the labour supply at core ages. This induced effect also discourages savings and generates crowding out through private investment but has a favourable impact on lifetime economic welfare. The macroeconomic impact is much larger when the income tax reduction is temporary because workers no longer reduce their hours at core ages and there is no reduction in savings. However, since only current middle-aged and older workers benefit from the tax cut, a temporary income tax cut reduces intergenerational equity.