NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Herman B. Leonard

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Working Papers

December 1986Amnesty, Enforcement and Tax Policy
with Richard J. Zeckhauser: w2096
Amnesties are widely used in society to rehabilitate past sinners, to collect resources, such as library books, that would otherwise be unrecoverable, and to make enforcement easier by reducing the ranks of delinquents. Over the past four years, tax amnesties have emerged as a major instrument of state revenue policy. Twenty states conducted amnesties. Record collections were made by New York ($360 million) and Illinois (income tax amnesty dollars 3.4% of collections). Amnesties took in dollars that would probably have escaped otherwise, and tax rolls were bolstered. Tax amnesties also have costs, however. They may anger honest taxpayers, diminish the legitimacy of the tax system by pardoning past evasion, and decrease compliance by making future amnesties seem more likely. Shou1.d the fed...

Published:

1984The Federal Civil Service Retirement System: An Analysis of its Financial Condition and Current Reform Proposals
w1258
This paper analyzes the financial condition of the Federal Civil Service Retirement System. It begins by examining various official annual reports about the system published by the Office of personnel Management, discussing their differing assumptions and resulting differences in estimates of the unfunded liability.It then discusses the construction of a simulation model in which the current unfunded liabilities can be estimated under an entry age normal definition of pension obligations.The results suggest that, for reasonable estimates of salary increases,inflation,and benefits indexing, the unfunded liabilities of the CSRS are between $500 billionand $600 billion. (Even under the accrued benefits definition of pension obligations, which I argue is more relevant to private sector employm...

Published: Leonard, Herman B. "The Federal Civil Service Retirement System: An Analysis of its Financial Condition and Current Reform Proposals." Pensions, Labor, and Individual Choice, edited by David Wise. Chicago: University of Chicago Press, (1985), pp. 399-443.

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