应对增加劳动税和资本税以弥补多米尼加共和国养老金赤字:一种真正的商业周期方法

IF 0.5 Q4 ECONOMICS
Paola Brens, Theresa Fenech, Domenica Romeo
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引用次数: 0

摘要

人口老龄化促使整个拉丁美洲进行了广泛的养老金改革。这给一些国家带来了从一种制度向另一种制度过渡的重大财政负担。在这篇文章中,我们评估了为多米尼加共和国最近的养老金改革提供资金的两种替代方法。我们建立在一个具有完美竞争的简单真实商业周期模型的基础上,并添加了一个财政块,使我们能够根据养老金改革成本的现值模拟资本和劳动力税率的冲击。我们发现,与提高劳动力税相比,提高资本回报率不仅可以填补养老金赤字,而且对宏观经济的不利影响要小得多。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Confronting increases to labour and capital taxes to finance the pension deficit in the Dominican Republic: a real business cycle approach
Ageing demographics have prompted widespread pension reforms across Latin America. This has left several countries with a significant financial burden related to the transition from one system to another. In this article, we evaluate two alternative methods of financing the recent pension reform in the Dominican Republic. We build on a simple real business cycle model with perfect competition and add a fiscal block that allows us to simulate shocks to the tax rates on capital and labour, based on the present value of the pension reform cost. We find that increasing the tax rate on returns to capital would not only fill the pension deficit, but also have a significantly smaller adverse effect on the macroeconomy, when compared with an increase to the tax on labour.
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CiteScore
1.00
自引率
33.30%
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