The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks
The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks
复制标题
婴儿潮一代的老龄化:人口统计和税收冲击的传播
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
G. Fiori
中科院分区:
文献类型:
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作者:
D. Ferraro;G. Fiori
We study how the changing demographic composition of the US labor force has affected the response of the unemployment rate to marginal tax rate shocks. Using narratively identified tax changes as proxies for structural shocks, we establish that the responsiveness of the unemployment rates to tax changes varies significantly across age groups: the unemployment rate response of the young is nearly twice as large as that of the old. This heterogeneity is the channel through which shifts in the age composition of the labor force impact the response of the unemployment rate to tax cuts. We find that the aging of the baby boomers considerably reduces the effects of tax cuts on aggregate unemployment. (JEL E24, E62, H24, H31, J21)
DOI:
10.1257/aer.104.7.2185
发表时间:
2011-04
期刊:
CEPR Discussion Paper Series
影响因子:
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作者:
A. Acconcia;G. Corsetti;S. Simonelli
通讯作者:
A. Acconcia;G. Corsetti;S. Simonelli