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Socially optimal child-related transfers and personal income tax with endogenous fertility

Simonovits, András (2015) Socially optimal child-related transfers and personal income tax with endogenous fertility. Műhelytanulmányok = Discussion Papers 2015/37 . Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences, Budapest. ISBN 978-615-5594-00-7

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Abstract

To compare the systems of chil d benefits and of family tax deductions, we create a model with endogenous fertility and basic income, also financed from proportional wage taxes. Pensioners are neglected but younger and older workers are distinguished: the former raise children and recei ve child benefits, while the latter not. Through the balance equation, current average fertili ty depends on past average fertility. To have a socia lly optimal positive child bene fi t, past average fertility has to be less than 1. The deduction's effi ciency is presumably lower than the bene fi t's and may even be lower than that of pure basic income.

Item Type: Book
Subjects: H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány
SWORD Depositor: MTMT SWORD
Depositing User: MTMT SWORD
Date Deposited: 07 Aug 2015 09:24
Last Modified: 07 Aug 2015 10:10
URI: http://real.mtak.hu/id/eprint/25794

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