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The Effect of the Elderly on Taxation and Minimum Wages in the US States

In: The Political Economy of Population Aging

Author

Listed:
  • Kimiko Terai

    (Keio University)

  • Amihai Glazer

    (University of California)

  • Naomi Miyazato

    (Nihon University)

Abstract

Consider individual labor supply and consumption from the life-cycle perspective. Because many of the elderlyElderly are retired, they may little directly benefit from state policies that increase wage income. But they may benefit indirectly: lower taxes on labor may consequently increase labor supply and reduce the price of services the elderly buy, for instance, nursing care.

Suggested Citation

  • Kimiko Terai & Amihai Glazer & Naomi Miyazato, 2021. "The Effect of the Elderly on Taxation and Minimum Wages in the US States," Advances in Japanese Business and Economics, in: The Political Economy of Population Aging, chapter 0, pages 83-94, Springer.
    • Handle: RePEc:spr:advchp:978-981-16-5536-4_6
    DOI: 10.1007/978-981-16-5536-4_6
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