TY  - JOUR
AU  - Abel,Andrew B.
TI  - Birth, Death and Taxes
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2953
PY  - 1990
Y2  - January 1990
UR  - http://www.nber.org/papers/w2953
L1  - http://www.nber.org/papers/w2953.pdf
N1  - Author contact info:
Andrew B. Abel
Wharton School
University of Pennsylvania
2315 Steinberg Hall - Dietrich Hall
Philadelphia, PA  19104-6367
Tel: 215/898-4801
Fax: 215/573-7244
E-Mail: abel@wharton.upenn.edu
AB  - This paper analyzes the effects of lump-sum tax policy in an overlapping generations model in which consumers have uncertain longevity. It extends previous analyses by considering the case in which private insurance arrangements are actuarially unfair. In addition, it considers the polar case of actuarially fair insurance and the polar case of no insurance. A general condition for debt neutrality is derived. This condition depends explicitly on the degree of actuarial unfairness in insurance and on the extent to which parents care about the utility of their children.
ER  -