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Taxation of Interest Income in an Aging Japan: Simulation Analysis Using a Life-Cycle General Equilibrium Model

  • Akira Okamoto

Abstract

This chapter presents a detailed description of the life-cycle general equilibrium simulation model employed throughout this book, and provides a technical discussion of the algorithm used to find the equilibrium of the simulation model. This chapter addresses the problem of choosing among three tax bases, namely, labor income, interest income, and consumption, in terms of efficiency. It also investigates the effects of an interest income tax on household behavior and capital formation.

Keywords

Labor Income Public Pension Interest Income Lifetime Income Public Pension System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Japan 2004

Authors and Affiliations

  • Akira Okamoto
    • 1
  1. 1.Faculty of EconomicsOkayama UniversityOkayamaJapan

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