Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model

The overlapping generations general equilibrium (OLG-GE) framework constitutes an important tool for policy evaluation. One of its strengths is that it considers that at any given time the population is composed of workers of different ages and, therefore, whith different time horizons. This has two...

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Autor principal:	Cifuentes Santander, Rodrigo
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INCENTIVOS TRIBUTARIOS JUBILACIÓN
Acceso en línea:	https://hdl.handle.net/20.500.12580/3704
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spelling	oai-20.500.12580-37042021-04-24T10:30:48Z Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model Cifuentes Santander, Rodrigo INCENTIVOS TRIBUTARIOS JUBILACIÓN The overlapping generations general equilibrium (OLG-GE) framework constitutes an important tool for policy evaluation. One of its strengths is that it considers that at any given time the population is composed of workers of different ages and, therefore, whith different time horizons. This has two advantages. First, the assumption of a realistic distribution of time horizons and budget constraints among the population allows the analyst to realistically model the evolution of the equilibrium path of the economy given a certain policy. Second, modeling the different generations in detail supports making meaningful welfare comparisons across generations. These advantages make the framework attractive for policy evaluation, since it can help determine cohort-based compensatory policies that may be crucial for making a certain policy feasible. 2019-11-01T00:02:45Z 2019-11-01T00:02:45Z 2005 Artículo 956-7421-21-8 https://hdl.handle.net/20.500.12580/3704 eng Series on Central Banking, Analysis, and Economic Policies, no. 9 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 415-440 application/pdf CHILE Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INCENTIVOS TRIBUTARIOS JUBILACIÓN
spellingShingle	INCENTIVOS TRIBUTARIOS JUBILACIÓN Cifuentes Santander, Rodrigo Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
description	The overlapping generations general equilibrium (OLG-GE) framework constitutes an important tool for policy evaluation. One of its strengths is that it considers that at any given time the population is composed of workers of different ages and, therefore, whith different time horizons. This has two advantages. First, the assumption of a realistic distribution of time horizons and budget constraints among the population allows the analyst to realistically model the evolution of the equilibrium path of the economy given a certain policy. Second, modeling the different generations in detail supports making meaningful welfare comparisons across generations. These advantages make the framework attractive for policy evaluation, since it can help determine cohort-based compensatory policies that may be crucial for making a certain policy feasible.
format	Artículo
author	Cifuentes Santander, Rodrigo
author_facet	Cifuentes Santander, Rodrigo
author_sort	Cifuentes Santander, Rodrigo
title	Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
title_short	Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
title_full	Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
title_fullStr	Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
title_full_unstemmed	Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model
title_sort	tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an olg-ge model
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3704
work_keys_str_mv	AT cifuentessantanderrodrigo taxincentivesforretirementsavingssimulationresultsinthepresenceofliquidityconstraintsandheterogeneousconsumersinanolggemodel
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Tax incentives for retirement savings: simulation results in the presence of liquidity constraints and heterogeneous consumers in an OLG-GE model

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