The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks

The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks
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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:
American Economic Journal: Macroeconomics
影响因子:
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通讯作者:
G. Fiori
G. Fiori
中科院分区:
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文献类型:
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作者:
D. Ferraro;G. Fiori

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我们研究了美国劳动力人口构成的变化如何影响失业率对边际税率冲击的反应。通过使用叙述性地确定的税收变化作为结构性冲击的替代指标,我们发现,不同年龄段的失业率对税收变化的反应差异很大:年轻人对失业率的反应几乎是老年人的两倍。这种异质性是劳动力年龄构成变化影响失业率对减税反应的渠道。我们发现,婴儿潮一代的老龄化大大降低了减税对总失业率的影响。(Jel E24、E62、H24、H31、J21)
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: --
作者:
A. Acconcia;G. Corsetti;S. Simonelli
通讯作者: A. Acconcia;G. Corsetti;S. Simonelli