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Media type:
E-Book
Title:
Pension Entitlements of French and American Households
:
A First Comparison (Défiscalisation des Heures Supplémentaires: Une Perspective d’Équilibre Général) (French)
Published in:Banque de France Working Paper ; No. 304
Extent:
1 Online-Ressource (26 p)
Language:
English
DOI:
10.2139/ssrn.1723179
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 1, 2010 erstellt
Description:
This paper characterizes the short- and long-run effects of overtime de-taxation. A dynamic general equilibrium with overtime hours is first developed and calibrated to French data. A fiscal shock consisting of a complete de-taxation of overtime hours is then implemented in the model. Several fiscal scenarios are considered, depending on the pace of public debt and depending on whether consumption taxes or lump-sum taxes are adjusted. In each case, the welfare gains of the fiscal reform are computed. Overtime de-taxation is found to have very limited aggregate effects on output and the labor supply. It also generates a small welfare gain or even a welfare loss, depending on the on the fiscal scenario