Simulating Russia's and Other Large Economies' Challenging and Interconnected Transitions /

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic inc...

Ausführliche Beschreibung

1. Verfasser:

Benzell, Seth G.

Körperschaft:

National Bureau of Economic Research

Weitere Verfasser:

Goryunov, Eugene, Kazakova, Maria, Kotlikoff, Laurence J., LaGarda, Guillermo, Nesterova, Kristina, Zubarev, Andrey

Format:

Elektronisch E-Book

Sprache:

Englisch

Veröffentlicht:

Cambridge, Mass. National Bureau of Economic Research 2015.

Zusammenfassung:

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic increases in tax rates in the U.S., EU, India, and Russia. Indeed, the increases are so large as to question their political feasibility let alone their actual collection given the potential for tax avoidance and tax evasion.

Umfang:

1 online resource: illustrations (black and white);

Anmerkungen:

June 2015.

Schlagworte:

General

Taxation, Subsidies, and Revenue

Fiscal Policies and Behavior of Economic Agents