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Population ageing and the growth of income and consumption tax revenue

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  • Christopher Ball
  • John Creedy

Abstract

This paper investigates the implications of population ageing and changes in labour force participation rates for projections of revenue obtained from personal income taxation and a consumption tax (in the form of a broad-based goods and services tax). A projection model is presented, involving changing age-income profiles over time for males and females. The model is estimated and applied to New Zealand over the period 2011-2062.

Suggested Citation

  • Christopher Ball & John Creedy, 2014. "Population ageing and the growth of income and consumption tax revenue," New Zealand Economic Papers, Taylor & Francis Journals, vol. 48(2), pages 169-182, August.
    • Handle: RePEc:taf:nzecpp:v:48:y:2014:i:2:p:169-182
    DOI: 10.1080/00779954.2013.874400
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    References listed on IDEAS

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    1. John Creedy, 1992. "Income, Inequality And The Life Cycle," Books, Edward Elgar Publishing, number 114.
    2. repec:bla:ausecr:v:38:y:2005:i:1:p:19-39 is not listed on IDEAS
    3. John Creedy & Norman Gemmell, 2006. "Modelling Tax Revenue Growth," Books, Edward Elgar Publishing, number 4073.
    4. John Creedy, 1996. "Fiscal Policy and Social Welfare," Books, Edward Elgar Publishing, number 797.
    5. John K Gibson & Grant M Scobie, 2001. "Household Saving Behaviour in New Zealand: A Cohort Analysis," Treasury Working Paper Series 01/18, New Zealand Treasury.
    6. John Creedy, 1998. "The Dynamics of Inequality and Poverty," Books, Edward Elgar Publishing, number 1484.
    7. John Gibson & Grant Scobie, 2001. "A cohort analysis of household income, consumption and saving," New Zealand Economic Papers, Taylor & Francis Journals, vol. 35(2), pages 196-216.
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    Cited by:

    1. Lars-H. R. Siemers, 2014. "A General Microsimulation Model for the EU VAT with a specific Application to Germany," International Journal of Microsimulation, International Microsimulation Association, vol. 7(2), pages 40-93.
    2. Buckle, Robert A., 2018. "A quarter of a century of fiscal responsibility: The origins and evolution of fiscal policy governance and institutional arrangements in New Zealand, 1994 to 2018," Working Paper Series 7693, Victoria University of Wellington, Chair in Public Finance.

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