Meier, Volker; Wagener, Andreas (2011): Do mobile pensioners threaten the deferred taxation of savings? CESifo Working Paper: Public Finance, 3617 |
Full text not available from 'Open Access LMU'.
External fulltext: http://hdl.handle.net/10419/52427
Abstract
We investigate optimal taxation of lifetime income with and without an emigration option during old age. The government sets the rates of deferred taxation and of possibly reduced taxation of interest. If agents are immobile, the optimal policy consists in full deferral of income taxes on savings and a full taxation of interest. Mobility of the old calls for lower degrees of deferral and reduced taxation of interest. However, the optimum never entails full immediate taxation of savings in combination with full tax exemption on capital income.
Item Type: | Paper (Discussion Paper) |
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Faculties: | Economics Economics > Chairs > Chair for Public Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
ID Code: | 19193 |
Deposited On: | 15. Apr 2014 08:48 |
Last Modified: | 29. Apr 2016 09:16 |
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