Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168179
Authors: 
Rostam-Afschar, Davud
Yao, Jiaxiong
Year of Publication: 
2017
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Fiscal Policy D07-V1
Abstract: 
Partial insurance of consumption against wage shocks is achieved through progressive taxation, labor supply adjustment, and precautionary wealth accumulation. The optimal degree of progressivity depends on preference and initial wealth conditions. More patient, more willing to work, and less wealthy households prefer more progressivity. The optimal progressivity is similar in Germany in comparison to the United States, though wealth has a greater impact on consumption insurance in Germany.
JEL: 
D31
E21
H21
J22
Document Type: 
Conference Paper

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