By Peter A. Diamond
During this e-book Peter Diamond analyzes social defense as a selected instance of optimum taxation concept. Assuming a global of incomplete markets and uneven details, he makes use of various uncomplicated types to light up the commercial forces that undergo on particular social safety coverage concerns. the point of interest is at the measure of progressivity fascinating in social safety and the layout of incentives to hold up retirement past the earliest age of eligibility for advantages. prior to reading those types, Diamond offers introductions to optimum source of revenue tax thought and the speculation of incomplete markets. He comprises fresh theoretical advancements similar to time-inconsistent personal tastes into his analyses and indicates that distorting taxes and a degree of progressivity in advantages are fascinating. Diamond additionally discusses social protection reform, with a spotlight on Germany.