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Taxation, incomplete markets, and social security : the 2000 Munich lectures / Peter A. Diamond.
- Format:
- Book
- Author/Creator:
- Diamond, Peter A.
- Series:
- Munich lectures in economics.
- Munich lectures in economics
- Language:
- English
- Subjects (All):
- Welfare economics.
- Welfare state.
- Taxation.
- Capitalism.
- Social security--Finance.
- Social security.
- Taxation--Germany.
- Capitalism--Germany.
- Social security--Germany--Finance.
- Physical Description:
- xviii, 160 p.
- Edition:
- 1st ed.
- Place of Publication:
- Cambridge, Mass. : MIT Press, ©2003.
- Language Note:
- English
- Summary:
- In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany.
- Contents:
- Intro
- Contents
- Series Foreword
- Laudation for Peter A.Diamond
- Preface
- 1 Introduction
- 2 Income Taxation
- 3 Models of Optimal Lifetime Income Taxation with Time-Consistent Preferences
- 4 Models of Optimal Lifetime Income Taxation with Time-Inconsistent Preferences
- 5 Incomplete Markets and Social Security
- 6 Models of Optimal Retirement Incentives with Varying Disutility of Labor
- 7 Models of Optimal Retirement Incentives with Varying Life Expectancy
- 8 Pension Insurance Reform with a Focus on Germany
- 9 Theory and Policy
- References
- Name Index
- Subject Index.
- Notes:
- "CES."
- Includes bibliographical references (p. [149]-156) and indexes.
- OCLC-licensed vendor bibliographic record.
- ISBN:
- 0-262-27168-0
- 1-4237-2959-5
- OCLC:
- 62065792
- Publisher Number:
- 9780262042130
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