The aim of this paper is to explain why a low and declining saving rate should be a problem in a world of free capital flows and increasing wealth. In Italy consumer households’ saving have been the main driver of economic stability and growth, funding investments and public debt, and despite...

This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...

Despite widespread poverty there is general consensus among policymakers about the preference of targeted welfare transfers over non-targeted grants due to the budgetary implications of the latter. Targeting, however, adds to the administrative complexities of disbursing welfare grants, thus...

Through the analysis of the NGO involvement in the national housing subsidies program developed by Ecuadorian government between 1998 and 2006, this paper aim to show how donors can instrumentalize the sense of the ?civil society participation? promoted by their rhetoric, as well as the...

This paper provides a survey of recent developments, in France, in microsimulation models aiming at general analysis of the tax-benefit system. Otherwise, it does not deal with more specifics models related on sectorial analysis. In a first part, we describe microsimulation methods and theirs...

Should income transfers be conditional upon personal characteristics of the potential recipients (the so-called “tagging”) or should they only be tied to reported incomes ? This question is addressed in a partial equilibrium setting distinguishing two types of jobs and a distribution of...

This paper concerns two issues related to optimal income taxation. First, we show how the labor income tax and the old age pension system interact in the optimal tax and expenditure structure. Second, we derive marginal capital income tax rates for high-ability and low-ability working...