| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26000 |
| 来源ID | Working Paper 26000 |
| Implications of Increasing College Attainment for Aging in General Equilibrium | |
| Juan Carlos Conesa; Timothy J. Kehoe; Vegard M. Nygaard; Gajendran Raveendranathan | |
| 发表日期 | 2019-06-24 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We develop an overlapping generations general equilibrium model of the U.S. economy with heterogeneous consumers who face idiosyncratic earnings and health risk to study the implications of increasing college attainment, decreasing fertility, and increasing longevity (2005–2100). While all three trends contribute to a higher old age dependency ratio, increasing college attainment has different implications because it increases labor productivity. Decreasing fertility and increasing longevity require the government to increase the average labor tax rate from 33.5 to 47.1 percent. Increasing college attainment lowers the required tax increase by 12.0 percentage points. The labor tax rate required to balance the government budget is higher under general equilibrium than in a small open economy with a constant interest rate, because the reduction in the interest rate lowers capital income tax revenues. |
| 主题 | Public Economics ; Taxation ; National Fiscal Issues ; Health, Education, and Welfare ; Health ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w26000 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583674 |
| 推荐引用方式 GB/T 7714 | Juan Carlos Conesa,Timothy J. Kehoe,Vegard M. Nygaard,et al. Implications of Increasing College Attainment for Aging in General Equilibrium. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26000.pdf（704KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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