Taxation and Saving – A Retrospective

29 Pages Posted: 31 Mar 2015

See all articles by Alan J. Auerbach

Alan J. Auerbach

University of California, Berkeley - Department of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Date Written: March 2015

Abstract

Atkinson and Sandmo (1980) evaluated the taxation of saving by embedding the static optimal‐tax framework within the two‐period overlapping‐generations model. Using this model, they collected a series of important results for optimal taxes on labour and capital income under a variety of assumptions regarding the instruments and objectives of the government, in particular the availability of national debt to spread burdens among different generations of individuals. With clear intuition and presentation, the study remains an important source for understanding the welfare implications of the taxation of saving. Atkinson, A.B. and Sandmo, A. (1980). ‘Welfare implications of the taxation of savings’, Economic Journal, vol. 90(359), pp. 529–49.

Suggested Citation

Auerbach, Alan Jeffrey, Taxation and Saving – A Retrospective (March 2015). The Economic Journal, Vol. 125, Issue 583, pp. 464-492, 2015. Available at SSRN: https://ssrn.com/abstract=2587428 or http://dx.doi.org/10.1111/ecoj.12156

Alan Jeffrey Auerbach (Contact Author)

University of California, Berkeley - Department of Economics ( email )

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National Bureau of Economic Research (NBER) ( email )

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CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

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