Details
| Originalsprache | Englisch |
|---|---|
| Seiten (von - bis) | 465-483 |
| Seitenumfang | 19 |
| Fachzeitschrift | CESifo economic studies |
| Jahrgang | 61 |
| Ausgabenummer | 2 |
| Frühes Online-Datum | 31 Mai 2014 |
| Publikationsstatus | Veröffentlicht - Juni 2015 |
Abstract
We investigate optimal taxation of lifetime income with and without an option to emigrate during old age. The government sets the rates of deferred taxation and of taxes on interest income. With immobile agents, the optimal policy consists of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower degrees of deferral and reduced taxation of interest. However, full immediate taxation of savings in combination with full tax exemption on interest income can never be optimal.
ASJC Scopus Sachgebiete
- Sozialwissenschaften (insg.)
- Geografie, Planung und Entwicklung
- Volkswirtschaftslehre, Ökonometrie und Finanzen (insg.)
- Volkswirtschaftslehre und Ökonometrie
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in: CESifo economic studies, Jahrgang 61, Nr. 2, 06.2015, S. 465-483.
Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review
}
TY - JOUR
T1 - Do Mobile Pensioners Threaten the Deferred Taxation of Savings?
AU - Meier, Volker
AU - Wagenery, Andreas
PY - 2015/6
Y1 - 2015/6
N2 - We investigate optimal taxation of lifetime income with and without an option to emigrate during old age. The government sets the rates of deferred taxation and of taxes on interest income. With immobile agents, the optimal policy consists of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower degrees of deferral and reduced taxation of interest. However, full immediate taxation of savings in combination with full tax exemption on interest income can never be optimal.
AB - We investigate optimal taxation of lifetime income with and without an option to emigrate during old age. The government sets the rates of deferred taxation and of taxes on interest income. With immobile agents, the optimal policy consists of full deferral of income taxes on savings and full taxation of interest. Potential mobility of the old calls for lower degrees of deferral and reduced taxation of interest. However, full immediate taxation of savings in combination with full tax exemption on interest income can never be optimal.
KW - Deferred taxation
KW - Income tax
KW - Migration
KW - Savings
UR - http://www.scopus.com/inward/record.url?scp=84941751413&partnerID=8YFLogxK
U2 - 10.1093/cesifo/ifu020
DO - 10.1093/cesifo/ifu020
M3 - Article
AN - SCOPUS:84941751413
VL - 61
SP - 465
EP - 483
JO - CESifo economic studies
JF - CESifo economic studies
SN - 1610-241X
IS - 2
ER -