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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 introduction 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."--BOOK JACKET.
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Subjects
Social security, Finance, Taxation, Capitalism, Welfare economics, Welfare state, Taxation, germany, Social security, europePlaces
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Taxation, incomplete markets, and social security: the 2000 Munich lectures
2003, MIT Press
in English
0262042134 9780262042130
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Edition Notes
Includes bibliographical references (p. [149]-156) and indexes.
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