Research Article
What Are the Economic and Labour Market Effects of an Income Tax Reduction Targeted at Older Workers?
Table 6
Simulated impact of a temporary 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% | 0.24 | 0.05 | 0.21 | 0.15 | 0.08 | 0.16 | 0.20 | 0.07 | | 20% | 0.46 | 0.09 | 0.42 | 0.31 | 0.16 | 0.31 | 0.39 | 0.15 | | 30% | 0.68 | 0.14 | 0.61 | 0.47 | 0.24 | 0.46 | 0.56 | 0.22 | | 40% | 0.88 | 0.19 | 0.80 | 0.65 | 0.30 | 0.60 | 0.73 | 0.30 |
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