Changes in the taxation of private pensions: Macroeconomic and welfare effects
This paper provides an applied general equilibrium analysis of several alternative taxation regimes applying to private pensions. The analysis focuses on the implications of this and other pension tax regimes for intergenerational equity, national living standards, labour supply, saving and social welfare. The method of analysis is simulation of an open economy overlapping generations CGE model. The model is calibrated to Australia and is used to examine the decision, announced by the Australian Government in its 2006 Budget, to exempt from tax all superannuation (the Australian term for superannuation) benefits received by recipients over 60 years of age.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Creedy, John & Guest, Ross, 2008.
"Population ageing and intertemporal consumption: Representative agent versus social planner,"
Elsevier, vol. 25(3), pages 485-498, May.
- John Creedy & Ross Guest, 2006. "Population Ageing And Intertemporal Consumption: Representative Agent Versus Social Planner," Department of Economics - Working Papers Series 972, The University of Melbourne.
- Kingston, Geoffrey & Piggott, John, 1993.
"A Ricardian Equivalence Theorem on the taxation of pension funds,"
Elsevier, vol. 42(4), pages 399-403.
- Kingston, G. & Piggott, J., 1993. "A Ricardian Equivalence Theorem on the Taxation of Pension Funds," Papers 93-4, New South Wales - School of Economics.
- John Creedy & Ross Guest, 2007.
"The Labour Supply and Savings Effects of Superannuation Tax Changes,"
Department of Economics - Working Papers Series
988, The University of Melbourne.
- John Creedy & Ross Guest, 2008. "The Labour Supply And Savings Effects Of Superannuation Tax Changes ," Australian Economic Papers, Wiley Blackwell, vol. 47(1), pages 1-14, 03.
- Kulish Mariano & Kent Christopher & Smith Kathryn, 2010.
"Aging, Retirement, and Savings: A General Equilibrium Analysis,"
The B.E. Journal of Macroeconomics,
De Gruyter, vol. 10(1), pages 1-32, July.
- Mariano Kulish & Kathryn Smith & Christopher Kent, 2006. "Ageing, Retirement and Savings: A General Equilibrium Analysis," RBA Research Discussion Papers rdp2006-06, Reserve Bank of Australia.
- Wendner, Ronald, 2001. "An applied dynamic general equilibrium model of environmental tax reforms and pension policy," Journal of Policy Modeling, Elsevier, vol. 23(1), pages 25-50, January.
- Freebairn, John, 1998. "Compulsory Superannuation and Labour Market Responses," Australian Economic Papers, Wiley Blackwell, vol. 37(1), pages 58-70, March.
- Productivity Commission, 2005. "Economic Implications of an Ageing Australia," Labor and Demography 0506001, EconWPA.
- Cerda, Rodrigo A., 2008. "The Chilean pension reform: A model to follow?," Journal of Policy Modeling, Elsevier, vol. 30(3), pages 541-558.
- Atkinson, M E & Creedy, John & Knox, D M, 1996. "Alternative Retirement Income Strategies: A Cohort Analysis of Lifetime Redistribution," The Economic Record, The Economic Society of Australia, vol. 72(217), pages 97-106, June.
When requesting a correction, please mention this item's handle: RePEc:eee:jpolmo:v:30:y:2008:i:5:p:693-712. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.