Social Security Transfers and the Marginal Cost of Public Funds
Title | Social Security Transfers and the Marginal Cost of Public Funds PDF eBook |
Author | Geir Bjertnaes |
Publisher | |
Pages | 30 |
Release | 2016 |
Genre | |
ISBN |
Recent estimates of the marginal cost of public funds differ substantially. Some studies argue that the efficiency cost of taxation counter the welfare gain connected to redistribution of income. Hence, the efficiency cost of taxation should not be included as a cost of public goods provision. Kleven and Kreiner (2006), however, argue that the cost of public goods provision may double in countries with a large welfare state due to exit from the labor market. This study shows that the cost of public goods provision should be increased with less than 15 percent when categorical transfers redistributed income even though taxation may lead to exit from the labor market.
The Marginal (opportunity) Cost of Public Funds
Title | The Marginal (opportunity) Cost of Public Funds PDF eBook |
Author | Geir H. M. Bjertnæs |
Publisher | |
Pages | |
Release | 2020 |
Genre | |
ISBN |
Several studies show cases where the Samuelson rule holds, or where the marginal cost of public funds (MCF) equals one within optimized tax systems. The conditions for the original Samuelson rule to hold in these studies are quite restrictive, and MCF measures employed are not consistent with MCF measures employed within real-world cost-benefit tests. The aim of the present study is to remove such restrictive conditions, and to construct a MCF measure designed for real-world cost-benefit tests. The study shows that such a MCF exceeds one within optimized tax systems. Hence, the optimal supply of public goods is below the supply obtained by the Samuelson rule. The study further shows that income taxation below optimum requires an even higher MCF to prevent that public goods provision crowd out social security transfers with a higher marginal welfare gain.
Privatizing Social Security
Title | Privatizing Social Security PDF eBook |
Author | Martin Feldstein |
Publisher | University of Chicago Press |
Pages | 484 |
Release | 2008-04-15 |
Genre | Political Science |
ISBN | 0226241823 |
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Public Finance and Public Policy
Title | Public Finance and Public Policy PDF eBook |
Author | Jonathan Gruber |
Publisher | Macmillan |
Pages | 806 |
Release | 2005 |
Genre | Business & Economics |
ISBN | 9780716786559 |
Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".
The Costs of Taxation and the Marginal Cost of Funds
Title | The Costs of Taxation and the Marginal Cost of Funds PDF eBook |
Author | Mr.Joel Slemrod |
Publisher | International Monetary Fund |
Pages | 32 |
Release | 1995-08-01 |
Genre | Business & Economics |
ISBN | 1451954549 |
It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts.
Report of the National Commission on Social Security Reform
Title | Report of the National Commission on Social Security Reform PDF eBook |
Author | United States. National Commission on Social Security Reform |
Publisher | |
Pages | 298 |
Release | 1983 |
Genre | Disability insurance |
ISBN |
Financing Social Protection
Title | Financing Social Protection PDF eBook |
Author | Michael Cichon |
Publisher | International Labour Organization |
Pages | 702 |
Release | 2004 |
Genre | Political Science |
ISBN | 9789221151227 |
This publication considers the range of financing options available for the design of cost-effective and equitable social welfare systems, giving a thorough analysis of their advantages and disadvantages and their financial and economic implications. Written by practitioners for practitioners, the book discusses the design and maintenance of national social protection systems that seek to ensure effective and efficient use of available resources at the community, national and international levels while supporting long-term economic development. The book explores theoretical and practical policy questions, as well as looking at the policy process that determines the affordable levels of and scope of social protection in a given country.