Taxation challenges of population ageing: comparative evidence from the European Union, the United States and Japan

Fructuoso Borrallo (), Susana Párraga-Rodríguez () and Javier Pérez
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Fructuoso Borrallo: Banco de España
Susana Párraga-Rodríguez: Banco de España
Authors registered in the RePEc Author Service: Susana Parraga Rodriguez

No 2102, Occasional Papers from Banco de España

Abstract: Using microdata from the European Union, the United States and Japan, we show that the elderly bear lower effective tax rates than the young. This difference is explained by the income gap and the different generational consumption baskets. However, tax reforms enacted in recent decades have led to an increase in the relative contribution of the elderly to public finances.

Keywords: population ageing; tax collection; direct taxes; indirect taxes (search for similar items in EconPapers)
JEL-codes: H2 H24 H25 J14 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2021-01
New Economics Papers: this item is included in nep-acc, nep-age and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:2102e

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