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Taxation, Incomplete Markets, and Social Security

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In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge : The MIT Press., 2002

Collation

1 online resource (xviii, 160 pages).

Language

English

ISBN/ISSN

9780262271684

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Capitalism
social security
Welfare economics.
Welfare state.
Taxation.
Capitalism.
Taxation

Specific Detail Info

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Statement of Responsibility

Peter A. Diamond

Other Information

Cataloger

jemadi

Source

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Validator

jemadi

Digital Object Identifier (DOI)

DOI: https://doi.org/10.7551/mitpress/6659.001.0001

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Journal Issue

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