Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75905 
Year of Publication: 
2002
Series/Report no.: 
CESifo Working Paper No. 743
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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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