Mirela Keuschnigg
Title
Dr.
Last Name
Keuschnigg
First name
Mirela
Email
mirela.keuschnigg@unisg.ch
Web Site
5 results
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Item type:Publication, Transition Strategies in Fundamental Tax ReformThis paper discusses transition strategies that might be used in moving from an income tax to consumption based business taxes in the form of an R-base cash-flow tax, an R+F-base tax, or an ACE (allowance for corporate equity) tax. While these three taxes have attractive neutrality properties, moving from the status quo to a new system often involves a diffi cult trade-off between short-run losses and longrun gains. We consider two alternative ways of spreading the gains and costs of reform more evenly across generations. Defi cit fi nancing of the large revenue loss that occurs immediately after reform allows the smoothing of wage tax rates over time and the elimination or reduction of short-run income losses. Alternatively, a system of delayed deductions requires fi rms to carry forward with interest some of the large deductions that are newly available after the enactment of a major tax reform. In shifting tax revenue from the future to the present, such policies are politically appealing, as they trade somewhat reduced future income gains for improved economic performance immediately after reform.Type:journal articleJournal:National Tax JournalVolume:65Issue:2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Aging and the Financing of Social Security in SwitzerlandDemographic projections forecast a doubling of the dependency ratio until 2050 as well as an increase of 10% in population due to longer life expectancy in Switzerland. To quantify the effects on social security and public finances, we use a computational overlapping generations model with five margins of labor supply: labor market participation, hours worked, job search, retirement, and on-the-job training. Starting with a passive fiscal strategy, we find that aging might reduce per capita income by 20 percent and necessitate a long-run increase of wage taxes and social security contributions by 21 percentage points. A comprehensive reform package, including an increase in the effective retirement age to 68 years and several other measures, may limit the tax increases to 4 percentage points of value added tax and reduce the decline of per capita income to less than 6%. Persistent link: http://EconPapers.repec.org/RePEc:ses:arsjes:2011-ii-3Type:journal articleJournal:Swiss Journal of Economics and StatisticsVolume:147Issue:2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Pension reform, retirement, and life-cycle unemploymentThis paper investigates the labor market impact of four often proposed policy measures for sustainable pensions: strengthening the tax benefit link, moving from wage to price indexation of benefits, lengthening calculation periods, and introducing more actuarial fairness in pension assessment. We consider the impact on three margins of aggregate labor supply, retirement behavior, job search, and hours worked.We provide some analytical results and use a computational model to demonstrate the economic impact of recent pension reform in Austria. Reducing the distortion in the retirement decision by introducing pension supplements and discounts conditional on the chosen retirement date promises the largest gains.We also find that the pension reform is far from sufficient to offset the fiscal implications of projected demographic change in Austria.Type:journal articleJournal:International Tax and Public FinanceVolume:17Issue:5Scopus© Citations 27 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Aging, Labor Markets and Pension Reform in AustriaThis paper investigates the dynamic consequences of demographic change and various pension reform scenarios for Austria. The analysis is based on a computable overlapping-generations model with life-cycle labor supply, savings, and search unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax - benefit linkage. Our quantitative analysis considers several pension reform scenarios on top of the demographic transition in an aging society. We find that lowering the pension replacement rate and increasing the retirement age can have strong labor-market effects. They strengthen the labor supply both with respect to job search intensity, leading to lower unemployment rates, and with respect to hours worked.Type:journal articleJournal:FinanzArchivVolume:60Issue:3 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Probabilistic Aging(Volkswirtschaftliche Abteilung, Universität St. Gallen, CESifo WP No. 1680, 2007-01-15); ;