The paper by Jayasri Dutta, James Sefton and Martin Weale presents an evaluation of the impact of capital income taxation in the United Kingdom. A general equilibrium model with overlapping generations is first set out and then calibrated using the British Household Panel Survey. The model is...

This paper develops a general equilibrium simulation model of a heterogeneous population in which both consumption/saving and labor/leisure choices are endogenous. The authors use it to explore the effects of the different state benefit systems on the labor supply of old and older workers in...