How should a government finance pension benefits?

Based on an earlier report by Ono (2010), this paper presents consideration of a consumption tax and examines how tax reform to maintain the neutrality of pension benefits affects the income growth rate and the employment rate. A decrease in the rate of worker contribution (labour income tax rate) w...

Full description

Saved in:
Bibliographic Details
Published in:Australian economic papers 2021-03, Vol.60 (1), p.138-152
Main Author: Yasuoka, Masaya
Format: Article
Language:English
Subjects:
aging society
Ambiguity
Employment
endogenous growth
Finance
Growth rate
H21
H51
Income taxes
J14
Neutrality
pension
Robustness
Tax rates
Tax reform
tax system
Taxation
Unemployment
Use taxes
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03
cites cdi_FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03
container_end_page 152
container_issue 1
container_start_page 138
container_title Australian economic papers
container_volume 60
creator Yasuoka, Masaya
description Based on an earlier report by Ono (2010), this paper presents consideration of a consumption tax and examines how tax reform to maintain the neutrality of pension benefits affects the income growth rate and the employment rate. A decrease in the rate of worker contribution (labour income tax rate) with an increase in a consumption tax raises employment, but the effect on income growth is ambiguous. A decrease in the rate of firm contribution with an increase in the consumption tax decreases employment and facilitates income growth. Therefore, if the unemployment rate must be decreased, then pension reform with a decrease in the rate of worker contribution should be selected. The results derived through the study described in this paper are consistent with the empirical facts. Moreover, for these analyses, we assume the other production function and confirm the robustness of the obtained results.
doi_str_mv 10.1111/1467-8454.12197
format article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2859582518</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2859582518</sourcerecordid><originalsourceid>FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03</originalsourceid><addsrcrecordid>eNqFkE1LAzEQhoMoWKtnrwuet83nJjlJKdUKBT0oeAub3Ylu2SY1aS399911xatzGWZ43hl4ELoleEK6mhJeyFxxwSeEEi3P0Ohvc45GGGOea4zfL9FVSutuFIKJESLLcMjSZ9i3dVZmH-Ebot-A32Wu8aWvINuCT03wmQUPrtml-2t04co2wc1vH6O3h8XrfJmvnh-f5rNVXnEiZM4l0SWtFMNAC1fXNeWU64IVmlFVgGCMOlsxAKeotUCxBGmtAq0pkbbCbIzuhrvbGL72kHZmHfbRdy8NVUILRQVRHTUdqCqGlCI4s43NpoxHQ7DpvZjeguktmB8vXaIYEoemheN_uJktXmZD8ATdVmMr</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2859582518</pqid></control><display><type>article</type><title>How should a government finance pension benefits?</title><source>EconLit s plnými texty</source><source>EBSCOhost Business Source Ultimate</source><source>International Bibliography of the Social Sciences (IBSS)</source><source>Wiley</source><creator>Yasuoka, Masaya</creator><creatorcontrib>Yasuoka, Masaya</creatorcontrib><description>Based on an earlier report by Ono (2010), this paper presents consideration of a consumption tax and examines how tax reform to maintain the neutrality of pension benefits affects the income growth rate and the employment rate. A decrease in the rate of worker contribution (labour income tax rate) with an increase in a consumption tax raises employment, but the effect on income growth is ambiguous. A decrease in the rate of firm contribution with an increase in the consumption tax decreases employment and facilitates income growth. Therefore, if the unemployment rate must be decreased, then pension reform with a decrease in the rate of worker contribution should be selected. The results derived through the study described in this paper are consistent with the empirical facts. Moreover, for these analyses, we assume the other production function and confirm the robustness of the obtained results.</description><identifier>ISSN: 0004-900X</identifier><identifier>EISSN: 1467-8454</identifier><identifier>DOI: 10.1111/1467-8454.12197</identifier><language>eng</language><publisher>Melbourne: John Wiley &amp; Sons Australia, Ltd</publisher><subject>aging society ; Ambiguity ; Employment ; endogenous growth ; Finance ; Growth rate ; H21 ; H51 ; Income taxes ; J14 ; Neutrality ; pension ; Robustness ; Tax rates ; Tax reform ; tax system ; Taxation ; Unemployment ; Use taxes</subject><ispartof>Australian economic papers, 2021-03, Vol.60 (1), p.138-152</ispartof><rights>2020 John Wiley &amp; Sons Australia, Ltd</rights><rights>2021 John Wiley &amp; Sons Australia, Ltd</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03</citedby><cites>FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03</cites><orcidid>0000-0002-4222-6150</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,27903,27904,33202</link.rule.ids></links><search><creatorcontrib>Yasuoka, Masaya</creatorcontrib><title>How should a government finance pension benefits?</title><title>Australian economic papers</title><description>Based on an earlier report by Ono (2010), this paper presents consideration of a consumption tax and examines how tax reform to maintain the neutrality of pension benefits affects the income growth rate and the employment rate. A decrease in the rate of worker contribution (labour income tax rate) with an increase in a consumption tax raises employment, but the effect on income growth is ambiguous. A decrease in the rate of firm contribution with an increase in the consumption tax decreases employment and facilitates income growth. Therefore, if the unemployment rate must be decreased, then pension reform with a decrease in the rate of worker contribution should be selected. The results derived through the study described in this paper are consistent with the empirical facts. Moreover, for these analyses, we assume the other production function and confirm the robustness of the obtained results.</description><subject>aging society</subject><subject>Ambiguity</subject><subject>Employment</subject><subject>endogenous growth</subject><subject>Finance</subject><subject>Growth rate</subject><subject>H21</subject><subject>H51</subject><subject>Income taxes</subject><subject>J14</subject><subject>Neutrality</subject><subject>pension</subject><subject>Robustness</subject><subject>Tax rates</subject><subject>Tax reform</subject><subject>tax system</subject><subject>Taxation</subject><subject>Unemployment</subject><subject>Use taxes</subject><issn>0004-900X</issn><issn>1467-8454</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>8BJ</sourceid><recordid>eNqFkE1LAzEQhoMoWKtnrwuet83nJjlJKdUKBT0oeAub3Ylu2SY1aS399911xatzGWZ43hl4ELoleEK6mhJeyFxxwSeEEi3P0Ohvc45GGGOea4zfL9FVSutuFIKJESLLcMjSZ9i3dVZmH-Ebot-A32Wu8aWvINuCT03wmQUPrtml-2t04co2wc1vH6O3h8XrfJmvnh-f5rNVXnEiZM4l0SWtFMNAC1fXNeWU64IVmlFVgGCMOlsxAKeotUCxBGmtAq0pkbbCbIzuhrvbGL72kHZmHfbRdy8NVUILRQVRHTUdqCqGlCI4s43NpoxHQ7DpvZjeguktmB8vXaIYEoemheN_uJktXmZD8ATdVmMr</recordid><startdate>202103</startdate><enddate>202103</enddate><creator>Yasuoka, Masaya</creator><general>John Wiley &amp; Sons Australia, Ltd</general><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-4222-6150</orcidid></search><sort><creationdate>202103</creationdate><title>How should a government finance pension benefits?</title><author>Yasuoka, Masaya</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>aging society</topic><topic>Ambiguity</topic><topic>Employment</topic><topic>endogenous growth</topic><topic>Finance</topic><topic>Growth rate</topic><topic>H21</topic><topic>H51</topic><topic>Income taxes</topic><topic>J14</topic><topic>Neutrality</topic><topic>pension</topic><topic>Robustness</topic><topic>Tax rates</topic><topic>Tax reform</topic><topic>tax system</topic><topic>Taxation</topic><topic>Unemployment</topic><topic>Use taxes</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Yasuoka, Masaya</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Australian economic papers</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Yasuoka, Masaya</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>How should a government finance pension benefits?</atitle><jtitle>Australian economic papers</jtitle><date>2021-03</date><risdate>2021</risdate><volume>60</volume><issue>1</issue><spage>138</spage><epage>152</epage><pages>138-152</pages><issn>0004-900X</issn><eissn>1467-8454</eissn><abstract>Based on an earlier report by Ono (2010), this paper presents consideration of a consumption tax and examines how tax reform to maintain the neutrality of pension benefits affects the income growth rate and the employment rate. A decrease in the rate of worker contribution (labour income tax rate) with an increase in a consumption tax raises employment, but the effect on income growth is ambiguous. A decrease in the rate of firm contribution with an increase in the consumption tax decreases employment and facilitates income growth. Therefore, if the unemployment rate must be decreased, then pension reform with a decrease in the rate of worker contribution should be selected. The results derived through the study described in this paper are consistent with the empirical facts. Moreover, for these analyses, we assume the other production function and confirm the robustness of the obtained results.</abstract><cop>Melbourne</cop><pub>John Wiley &amp; Sons Australia, Ltd</pub><doi>10.1111/1467-8454.12197</doi><tpages>15</tpages><orcidid>https://orcid.org/0000-0002-4222-6150</orcidid></addata></record>
fulltext fulltext
identifier ISSN: 0004-900X
ispartof Australian economic papers, 2021-03, Vol.60 (1), p.138-152
issn 0004-900X
1467-8454
language eng
recordid cdi_proquest_journals_2859582518
source EconLit s plnými texty; EBSCOhost Business Source Ultimate; International Bibliography of the Social Sciences (IBSS); Wiley
subjects aging society
Ambiguity
Employment
endogenous growth
Finance
Growth rate
H21
H51
Income taxes
J14
Neutrality
pension
Robustness
Tax rates
Tax reform
tax system
Taxation
Unemployment
Use taxes
title How should a government finance pension benefits?
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-21T17%3A29%3A15IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=How%20should%20a%20government%20finance%20pension%20benefits?&rft.jtitle=Australian%20economic%20papers&rft.au=Yasuoka,%20Masaya&rft.date=2021-03&rft.volume=60&rft.issue=1&rft.spage=138&rft.epage=152&rft.pages=138-152&rft.issn=0004-900X&rft.eissn=1467-8454&rft_id=info:doi/10.1111/1467-8454.12197&rft_dat=%3Cproquest_cross%3E2859582518%3C/proquest_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c4157-4719a2c830e26fddd2424963693286e5332fbc3eef82bbe207e7bb8e99217bc03%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2859582518&rft_id=info:pmid/&rfr_iscdi=true