NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Implications of Insurance for the Efficacy of Fiscal Policy

Andrew B. Abel

NBER Working Paper No. 2517
Issued in February 1988
NBER Program(s):   EFG

Various tax policies provide consumers with forms of insurance. Social security has the payoff characteristics of an annuity. The income tax provides consumers with a degree of Income insurance because the government shares part of the individual's income risk. Redistributive taxes can be used to spread aggregate income risks across different generations The effects of these and other tax policies are shown to depend crucially on the nature of existing private insurance arrangements.

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Document Object Identifier (DOI): 10.3386/w2517

Published: Abel, Andrew B. "The Implications of Insurance for the Efficacy of Fiscal Policy." from the Journal of Risk and Insurance, Vol. 55, No. 2, pp. 339-3 78, June 1988.

 
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