The Resource Ageing and the tax implied in public pension schemes : simulations for selected OECD countries

Ageing and the tax implied in public pension schemes : simulations for selected OECD countries

Label
Ageing and the tax implied in public pension schemes : simulations for selected OECD countries
Title
Ageing and the tax implied in public pension schemes : simulations for selected OECD countries
Creator
Subject
Language
eng
Summary
A key figure suited to measure intergenerational imbalances in unfunded public pension schemes is given by the 'implicit tax rate' imposed on each generation's lifetime income. The implicit tax arises from the fact that, quite generally, pension benefits fall short of actuarial returns to contributions paid to these systems while actively working. Under current pension policies, implicit tax rates will increase sharply for younger generations in most industrialised countries. This is illustrated for the cases of France, Germany, Italy, Japan, Sweden, the UK and the USA. Nevertheless, there are remarkable differences across countries regarding both the level of implicit taxes and their development over successive age cohorts, which can be attributed to differences in ageing processes and in the institutional features of national pension systems
Citation source
In: Fiscal studies. - London. - Vol. 25 (2004),
http://library.link/vocab/creatorName
  • Fenge, R
  • Werding, M
Language note
English
http://library.link/vocab/subjectName
  • pension
  • pension system
Label
Ageing and the tax implied in public pension schemes : simulations for selected OECD countries
Instantiates
Publication
Contents
Includes references
Label
Ageing and the tax implied in public pension schemes : simulations for selected OECD countries
Publication
Contents
Includes references

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