Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75905
Authors: 
Fenge, Robert
Uebelmesser, Silke
Werding, Martin
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper 743
Abstract: 
This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order to check the second-best properties of this timing of tax rates. An efficient taxation would require to decrease the excessive implicit taxes for married women and to implement an inversely J-shaped tax profile for male workers. This result contradicts the standard proposal to smooth the profile of implicit tax rates across the individual life cycle
Subjects: 
public pensions
labour supply
optimal taxation
Document Type: 
Working Paper

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