Table 5:
Impact of a 10% temporary reduction in earned income taxes for workers aged 60 and over on key macroeconomic indicators (percentage point difference relative to reference scenario).
2010
2014
2022
2030
2042
2050
Real GDP per capita
0.08
0.08
0.12
0.20
0.10
0.07
Labour supply/capita
0.12
0.14
0.16
0.24
0.07
0.05
National savings
−0.19
0.17
0.19
0.21
0.03
0.15
Capital stock/capita
−0.03
−0.07
0.01
0.08
0.17
0.16
Capital/labour ratio
−0.16
−0.24
−0.19
−0.21
0.09
0.11
Real wages
−0.05
−0.07
−0.05
−0.06
0.02
0.03
Earned income tax rate
−0.13
−0.14
−0.14
−0.15
−0.02
−0.01