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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Brunner, Johann K. | en |
dc.contributor.author | Pech, Susanne | en |
dc.date.accessioned | 2009-01-28T15:55:05Z | - |
dc.date.available | 2009-01-28T15:55:05Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19106 | - |
dc.description.abstract | The market for private life annuities is characterised by adverse selection, that is, contractsoffer lower than fair payoffs to individuals with low life expectancy. Moreover, lifeexpectancy and income have been found to be positively correlated. The paper shows that alinear tax on annuity payoffs, which raises more revenues from long-living individuals thanfrom short-living, represents an appropriate instrument for redistribution, in addition to anoptimally designed labour income tax. Further, we find that a nonlinear tax on annuity payoffscan be directly employed to correct the distortion of the rate of return caused by asymmetricinformation. These results are contrasted with theoretical findings concerning the role of a taxon capital income. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1642 | en |
dc.subject.jel | G2 | en |
dc.subject.jel | H2 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | optimum taxation | en |
dc.subject.keyword | life annuities | en |
dc.subject.keyword | adverse selection | en |
dc.subject.stw | Optimale Besteuerung | en |
dc.subject.stw | Leibrente | en |
dc.subject.stw | Kapitalertragsteuer | en |
dc.subject.stw | Adverse Selection | en |
dc.title | Optimum taxation of life annuities | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 510010040 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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