The Effects of Aging Population on Personal Income Tax Revenue in Korea - Evidence from a dynamic microsimulation
Title
The Effects of Aging Population on Personal Income Tax Revenue in Korea - Evidence from a dynamic microsimulation
Author(s)
Jayee Ko
; Hyukjin Kwon
Keyword
인구구조 변화
; 사회복지 지출부담
Publication Year
2015
Publisher
Korea Institute for Health and Social Affairs
Table Of Contents
CHAPTER 1 Introduction 1 CHAPTER 2 Literature Review and model development 7 1. Established literature and its limits 9 2. MMESP Overview 15 3. K.Sim: Basic structure and simulation process 29 CHAPTER 3 Validation test of resulting estimates 37 1. Validation test of income distribution estimates 41 2. Testing the validity of income tax estimates 53 CHAPTER 4 Long-term forecasts on income taxes: population aging and increasing pension income 53 1. Baseline forecasts 55 2. Income tax revenue forecasts based on adjustments to tax brackets 59 3. Rising National Pension contribution rate and the income tax revenue forecasts 65 CHAPTER 5 Conclusion 71 References 79 Appendix 83
Local ID
Working Paper 2015-09
ISBN
978-89-6827-307-0
KIHASA Research Subject Classification
General social security > Social security financing
Population and family > Responses to population aging