TAXATION, INCOMPLETE MARKETS, AND SOCIAL SECURITY by Peter A. Diamond ( 9780262541824 )

Item Details

Title:

TAXATION, INCOMPLETE MARKETS, AND SOCIAL SECURITY

By:

Peter A. Diamond

Format:

Paperback

List price:

£7.99

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£5.99

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ISBN 10:

0262541823

ISBN 13:

9780262541824

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Publisher:

MIT PRESS LTD

Pub. date:

14 January, 2005

Series:

Munich Lectures in Economics

Pages:

216

Description:

An analysis of social security policy based on optimal tax theory.

Synopsis:

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.

Publication:

Imprint:

MIT Press

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Returnable

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