Taxation, Incomplete Markets, and Social Security.

Diamond, Peter

Published by The MIT Press, Cambridge, 2003

About this Item

First edition of these lectures by the Nobel Prize-winning economist. Octavo, original cloth. Signed by Peter Diamond on the half-title page. Fine in a fine dust jacket. In this book, Peter Diamond analyzes social security as a particular example of optimal taxation theory. Assuming a world of incomplete markets and asymmetric information, he uses a variety of simple models to illuminate the economic forces that bear on specific social security policy issues. The focus is on the degree of progressivity desirable in social security and the design of incentives to delay retirement beyond the earliest age of eligibility for benefits. Before analyzing these models, Diamond presents introductions to optimal income tax theory and the theory of incomplete markets. He incorporates recent theoretical developments such as time-inconsistent preferences into his analyses and shows that distorting taxes and a measure of progressivity in benefits are desirable. Diamond also discusses social security reform, with a focus on Germany.

Seller Inventory # 114099

Bibliographic Details

• Title: Taxation, Incomplete Markets, and Social Security.
• Publisher: The MIT Press, Cambridge
• Publication Date: 2003
• Binding: Hardcover
• Edition: 1st Edition
• Dust Jacket Condition: Dust Jacket Included
• Signed: Signed by Author(s)
• Seller catalogs:
  • Economics and Finance