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The Costs to Different Generations of Policies That Close the Fiscal Gap: Working Paper 2015-10

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Listed:
  • Felix Reichling
  • Shinichi Nishiyama

Abstract

This working paper analyzes five stylized changes in federal fiscal policy that would close a fiscal gap of 1.8 percent of GDP, and measures the costs that those policy changes would impose on different generations.

Suggested Citation

  • Felix Reichling & Shinichi Nishiyama, 2015. "The Costs to Different Generations of Policies That Close the Fiscal Gap: Working Paper 2015-10," Working Papers 51097, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:51097
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    File URL: https://www.cbo.gov/system/files/2018-10/51097-WorkingPaper-2015_10.pdf
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    References listed on IDEAS

    as
    1. Shinichi Nishiyama, 2003. "Analyzing Tax Policy Changes Using a Stochastic OLG Model with Heterogeneous Households: Technical Paper 2003-12," Working Papers 15112, Congressional Budget Office.
    2. Congressional Budget Office, 2013. "The Distribution of Federal Spending and Taxes in 2006," Reports 44698, Congressional Budget Office.
    3. Congressional Budget Office, 2014. "Updated Budget Projections: 2014 to 2024," Reports 45229, Congressional Budget Office.
    4. Gouveia, Miguel & Strauss, Robert P., 1994. "Effective Federal Individual Tax Functions: An Exploratory Empirical Analysis," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(2), pages 317-339, June.
    5. Congressional Budget Office, 2013. "The Distribution of Federal Spending and Taxes in 2006," Reports 44698, Congressional Budget Office.
    6. Juan Carlos Conesa & Sagiri Kitao & Dirk Krueger, 2009. "Taxing Capital? Not a Bad Idea after All!," American Economic Review, American Economic Association, vol. 99(1), pages 25-48, March.
    7. Congressional Budget Office, 2014. "Updated Budget Projections: 2014 to 2024," Reports 45229, Congressional Budget Office.
    8. Congressional Budget Office, 2014. "Taxing Capital Income: Effective Marginal Tax Rates Under 2014 Law and Selected Policy Options," Reports 49817, Congressional Budget Office.
    9. Congressional Budget Office, 2010. "Economic Impacts of Waiting to Resolve the Long-Term Budget Imbalance," Reports 21959, Congressional Budget Office.
    10. Congressional Budget Office, 2013. "The Distribution of Federal Spending and Taxes in 2006," Reports 44698, Congressional Budget Office.
    11. Congressional Budget Office, 2014. "Taxing Capital Income: Effective Marginal Tax Rates Under 2014 Law and Selected Policy Options," Reports 49817, Congressional Budget Office.
    12. Congressional Budget Office, 2012. "How the Supply of Labor Responds to Changes in Fiscal Policy," Reports 43674, Congressional Budget Office.
    13. Shinichi Nishiyama & Kent Smetters, 2007. "Does Social Security Privatization Produce Efficiency Gains?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(4), pages 1677-1719.
    14. Gouveia, Miguel & Strauss, Robert P., 1994. "Effective Federal Individual Tax Functions: An Exploratory Empirical Analysis," National Tax Journal, National Tax Association, vol. 47(2), pages 317-39, June.
    15. Congressional Budget Office, 2014. "Taxing Capital Income: Effective Marginal Tax Rates Under 2014 Law and Selected Policy Options," Reports 49817, Congressional Budget Office.
    16. Congressional Budget Office, 2010. "Economic Impacts of Waiting to Resolve the Long-Term Budget Imbalance," Reports 21959, Congressional Budget Office.
    17. Shinichi Nishiyama, 2013. "Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy With an Aging Population: Working Paper 2013-07," Working Papers 44941, Congressional Budget Office.
    18. Felix Reichling & Charles Whalen, 2012. "Review of Estimates of the Frisch Elasticity of Labor Supply: Working Paper 2012-13," Working Papers 43676, Congressional Budget Office.
    19. Congressional Budget Office, 2014. "Updated Budget Projections: 2014 to 2024," Reports 45229, Congressional Budget Office.
    20. Congressional Budget Office, 2014. "Updated Budget Projections: 2014 to 2024," Reports 45229, Congressional Budget Office.
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    Cited by:

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    2. Kudrna, George & Piggott, John & Poonpolkul, Phitawat, 2025. "Sustainable and equitable pension reform for emerging economies: An application to Indonesia," Economic Modelling, Elsevier, vol. 148(C).

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    More about this item

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

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