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).

201020142022203020422050

Real GDP per capita0.080.080.120.200.100.07
Labour supply/capita0.120.140.160.240.070.05
National savings−0.190.170.190.210.030.15
Capital stock/capita−0.03−0.070.010.080.170.16
Capital/labour ratio−0.16−0.24−0.19−0.210.090.11
Real wages−0.05−0.07−0.05−0.060.020.03
Earned income tax rate−0.13−0.14−0.14−0.15−0.02−0.01