Should We Subsidize Longevity?
Copyright policy )Should We Subsidize Longevity?
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be justified on two grounds: correction for a lack of farsightedness and redistribution across both earnings and genetic dimensions. Whether longevity-enhancing spending should be subsidized or taxed is shown to depend on the combined effects of myopia, self-selection and free-riding on the annuity returns. Our policy conclusions depend also on how productivity and genes are correlated, on the complementarity of genes and efforts in the survival function, and on how the government weights the welfare of heterogeneous agents. All in all, it might be desirable to tax longevityenhancing spending.
330, myopie, and Welfare/I.I1 - Health/I.I1.I10 - General, Zeitpräferenz, Education, genetic background, Sterblichkeit, Optimale Besteuerung, Kapitalertragsteuer, longevity, JEL: H - Public Economics/H.H2 - Taxation, hétérogénéité, optimal taxation, longevity, genetic background, heterogeneity, myopia, myopia, I10, longévité, optimal taxation,longevity,genetic background,heterogeneity,myopia,taxation optimale,longévité,bagage génétique,hétérogénéité,myopie, optimal taxation, longevity, genetic background, heterogeneity, myopia., JEL: I - Health, Gesundheitsvorsorge, Subsidies, ddc:330, bagage génétique, Gesundheit, taxation optimale, Steuerbegünstigung, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, optimal taxation, longevity, genetic background, Gesundheitskosten, Beschränkte Rationalität, H21, heterogeneity, Theorie, and Revenue/H.H2.H21 - Efficiency • Optimal Taxation, jel: jel:H21, jel: jel:I10
330, myopie, and Welfare/I.I1 - Health/I.I1.I10 - General, Zeitpräferenz, Education, genetic background, Sterblichkeit, Optimale Besteuerung, Kapitalertragsteuer, longevity, JEL: H - Public Economics/H.H2 - Taxation, hétérogénéité, optimal taxation, longevity, genetic background, heterogeneity, myopia, myopia, I10, longévité, optimal taxation,longevity,genetic background,heterogeneity,myopia,taxation optimale,longévité,bagage génétique,hétérogénéité,myopie, optimal taxation, longevity, genetic background, heterogeneity, myopia., JEL: I - Health, Gesundheitsvorsorge, Subsidies, ddc:330, bagage génétique, Gesundheit, taxation optimale, Steuerbegünstigung, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, optimal taxation, longevity, genetic background, Gesundheitskosten, Beschränkte Rationalität, H21, heterogeneity, Theorie, and Revenue/H.H2.H21 - Efficiency • Optimal Taxation, jel: jel:H21, jel: jel:I10
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).1 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!