Social Insurance in Transition: An Economic Analysis

This treatment of the economics of social security examines the aims and operations of state social security systems, concentrating on the social "insurance" systems--pensions, unemployment, and sickness insurance. The authors analyze the rationale for a social insurance system, the appropriate level of state intervention, and the criteria used to judge a system's performance. The recent literature on the economic theory of insurance and on the labor supply, alternative methods of finance, and income redistribution is thoroughly discussed.

Business & Money

Creedy, John

Disney, Research Fellow Richard

Insurance

Oxford University Press

This treatment of the economics of social security examines the aims and operations of state social security systems, concentrating on the social "insurance" systems--pensions, unemployment, and sickness insurance. The authors analyze the rationale for a social insurance system, the appropriate level of state intervention, and the criteria used to judge a system's performance. The recent literature on the economic theory of insurance and on the labor supply, alternative methods of finance, and income reditribution is thoroughly discussed.

The Dynamics of Income Distribution

Economics

Blackwell Pub.

In this study, John Creedy provides an account of Edgeworth's contribution to economics and, by extension, sheds light on the wider development of neo-classical economics. The book commences with a discussion of Edgeworth's approach to economics and covers his early work on optimal distribution, his interest in the theory of exchange, and the publication of his remarkable monograph, "Mathematical Physics" (1881). The latter chapters concentrate on Edgeworth's values. Without question this book will be of interest to those working in the field of history of economic analysis as well as students of neo-classical economics.

Edgeworth and the Development of Neoclassical Economics

The composition of government expenditure varies considerably across countries. The aim of this book is to explore the choice of expenditure using a range of modelling approaches. The models allow for different economic environments, involving the types of expenditure considered, the time period of analysis and the behavior of individuals. The composition of expenditure is examined using majority voting and public finance frameworks, where the latter involves maximization of a social welfare function involving a trade-off between equity and efficiency. Special attention is given to expenditure on transfer payments, public goods and education. Empirical analyses are also carried out, using data for a wide range of countries, where potential orders of magnitude of various components of the models are obtained. The models help in considering important factors and the inter-relationships involved. In particular, a synthesis is provided which allows special consideration of the role of basic inequality in influencing expenditure patterns. The book will be of considerable value to students and researchers interested in public economics.Contents: Part I: Introduction 1. Introduction 2. Alternative Choice Mechanisms Part II: Voting Models 3. Transfer Payments and Public Goods 4. The Role of Home Production 5. An Overlapping Generations Framework Part III: Optimal Choice 6. The Optimal Expenditure Composition 7. Education, Public Goods and Transfers 8. The Overlapping Generations Context Part IV: A General Equilibrium Model 9. A General Equilibrium OLG Model Bibliography Index

Modelling the Composition of Government Expenditure

Moslehi, Solmaz

Edward Elgar Publishing

This rigorous yet lucid book is concerned with the analysis of tax design and the problems involved in choosing a tax and transfer structure. John Creedy discusses fundamental problems which are then illustrated using relatively simple models. Following a comprehensive introduction, part II is concerned with the link between economic theory and tax policy, and considers why it is so difficult to design a tax and transfer structure that receives widespread support. Part III explores particular types of tax and transfer structure, and alternative approaches to the choice of tax rates within these systems. Part IV examines tax revenue and its variations, including the concepts of tax revenue elasticity and the elasticity of taxable income, whilst part V offers an examination of two wide-ranging reviews of tax structures. The author argues that economists can make a valuable contribution to rational policy debate by clarifying the nature of the interdependencies and relationships involved. This comprehensive book will appeal to researchers and graduate students in public finance, public economics and taxation, as well as economists in governmental departments and international organizations. Contents: Part I: Introduction 1. Introduction and Outline Part II: Theory and Policy 2. Tax and Transfer Tensions 3. Income Tax Structure: Theory and Policy Part III: Tax Functions and Choices 4. The Linear Tax Function 5. Choosing a Linear Income Tax Rate 6. A Loglinear Tax Function 7. A Tax-Free Threshold 8. In-Work Payment With Hours Threshold 9. Welfare-Improving Tax Reforms 10. Policy Evaluations and Value Judgements Part IV: Tax Revenue 11. Fiscal Drag and Tax Revenue Elasticities 12. The Elasticity of Taxable Income 13. Changes in Income Tax Revenue 14. Diagrammatic Treatment of Tax Revenue Part V: Tax Reviews 16. The IFS and Tax by Design

Tax and Transfer Tensions: Designing Direct Tax Structures

Comparing Income Distributionsbrings together John Creedy's recent original research and analyses of income distribution. The book is concerned with both static, or cross-sectional, comparisons, and dynamic aspects of income mobility. The author presents new methods of depicting and measuring income mobility and poverty persistence. Income mobility is explored in terms of individuals' relative income changes and their positional changes within the distribution. The first half of the book covers a range of technical aspects of inequality measurement, including less well-known properties of inequality indices, and the decomposition of inequality changes into component contributions. The second half explores various aspects of the graphical display and measurement of income mobility. While the focus of the book is on methods, illustrative examples are provided using New Zealand data. Graduate students, public sector economists, and researchers interested in income distribution will welcome this important work.

Comparing Income Distributions: Statics and Dynamics

Tax Policy and Uncertainty: Modelling Debt Projections and Fiscal Sustainability

Ball, Christopher

Scobie, Grant

This timely book analyses the elasticity of taxable income, a central concept in public finance with a rapidly growing wealth of literature. Combining original empirical research with rigorous theoretical modelling of tax revenue and optimal tax policy, this innovative study examines the complexities and new methods of estimating the elasticity of taxable income. Clarifying the role of the elasticity of taxable income in influencing total tax revenue in a complex multi-rate structure, John Creedy divides the change in revenue into various components to derive revenue-maximising rates. He examines the welfare effects and 'excess burden' of income taxation, and considers the role of the elasticity in 'optimal' tax rates and administrative policy aiming to reduce tax evasion. The book concludes with a discussion concerning the problems and various methods of elasticity estimation, including regression and bunching. With detailed illustrations to expand and engage, this will prove an invaluable read for students and scholars of economics, particularly those focusing on the economics of taxation and tax policy. The empirical analyses and practical insights will also benefit public sector economists and policy analysts concerned with tax design.

The Elasticity of Taxable Income: Theory and Estimation

Combining theoretical and practical aspects of policy analysis, this book evaluates actual and proposed policy reforms to income tax and transfer systems, using a behavioural tax microsimulation model. It highlights how these models allow for the full details of tax systems and the considerable population heterogeneity that is found in practice. John Creedy and Penny Mok look at how such models can be used to obtain summary measures that are relevant in tax debates. These include elasticities of labour supply and measures of the welfare effects of tax changes, in terms of excess burdens. Chapters further examine how models can be used to search systematically, across a range of policy changes, for revenue-neutral reforms which result in an improvement, in terms of an explicit evaluation function. This will be a timely read for students of public finance, welfare and labour economics. The careful attention paid to metrics used in policy evaluations will also make this a useful book for researchers and policy advisors concerned with income taxation, social transfers, inequality and poverty measurement.

Tax and Transfer Policy Using Behavioural Microsimulation Modelling: Design and Evaluation

Mok, Penny

See the best price to sell, buy, or rent books by Creedy, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Creedy, John

See the best price to sell, buy, or rent books by Creedy, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Social Insurance in Transition: An Economic Analysis

Social Insurance in Transition: An Economic Analysis

The Dynamics of Income Distribution

Edgeworth and the Development of Neoclassical Economics

Modelling the Composition of Government Expenditure

Tax and Transfer Tensions: Designing Direct Tax Structures

Comparing Income Distributions: Statics and Dynamics

Tax Policy and Uncertainty: Modelling Debt Projections and Fiscal Sustainability

The Elasticity of Taxable Income: Theory and Estimation

Tax and Transfer Policy Using Behavioural Microsimulation Modelling: Design and Evaluation