Table 4: Simulated impact of a permanent 10% to 40% tax reduction for workers aged 60+ (percentage point difference relative to the benchmark scenario).

Labour supply per capita National savings Capital stock per capita Real GDP per capita 2030 2050 2030 2050 2030 2050 2030 2050 10% 0.18 0.30 −0.14 −0.25 −0.32 −0.47 0.05 0.10 20% 0.36 0.57 −0.39 −0.48 −0.55 −0.93 0.12 0.19 30% 0.54 0.85 −0.62 −0.75 −0.81 −1.41 0.19 0.27 40% 0.71 1.11 −0.86 −1.02 −1.09 −1.91 0.24 0.34