PUBLIC FINANCE Public finance and public policy in the new century PDF
Preview PUBLIC FINANCE Public finance and public policy in the new century
This page intentionally left blank Public Finance and Public Policy in the New Century The CESifo Seminar Series Hans-Werner Sinn, editor Inequality and Growth: Theory and Policy Implications, ed. Theo S. Eicher and Stephen J. Turnovsky (2003) Public Finance and Public Policy in the New Century, ed. Sijbren Cnossen and Hans-Werner Sinn (2003) Public Finance and Public Policy in the New Century Sijbren Cnossen and Hans-Werner Sinn, editors The MIT Press Cambridge, Massachusetts London, England (2003MassachusettsInstituteofTechnology All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storageandretrieval)withoutpermissioninwritingfromthepublisher. This book was set in Palatino on 3B2 by Asco Typesetters, Hong Kong, and was printedandboundintheUnitedStatesofAmerica. LibraryofCongressCataloging-in-PublicationData Publicfinanceandpublicpolicyinthenewcentury/SijbrenCnossenand Hans-WernerSinn,editors. p. cm.—(TheCESifoseminarseries) Includesbibliographicalreferencesandindex. ISBN0-262-03304-6(hc.:alk.paper) 1.Finance,Public. 2.Fiscalpolicy. 3.Publicwelfare—Finance. I.Cnossen,Sijbren. II.Sinn,Hans-Werner. III.Series. HJ141.P795 2003 336—dc21 2002043182 10 9 8 7 6 5 4 3 2 1 Contents Series Foreword ix Introduction and Summary xi Sijbren Cnossen and Hans-Werner Sinn Tribute to Richard Abel Musgrave xxiii Henry J. Aaron Ten Years of CES xxix David F. Bradford I Modernizing Public Policy 1 1 Changing Tides for the Welfare State: An Essay 3 Assar Lindbeck Comments 45 Richard A. Musgrave 2 Trust in Public Finance 49 Joel Slemrod Comments 89 Michael Burda 3 Reforming Budgetary Language 93 David F. Bradford vi Contents Comments 117 Henry J. Aaron II Taxation and Tax Reform 125 4 Perfect Taxation with Imperfect Competition 127 Alan J. Auerbach and James R. Hines Jr. Comments 155 Harvey S. Rosen 5 Bridging the Tax-Expenditure Gap: Green Taxes and the Marginal Cost of Funds 159 Agnar Sandmo Comments 179 Jeremy Edwards 6 Taxes and Privatization 185 Roger H. Gordon Comments 213 Ray Rees 7 The Property Tax: Competing Views and a Hybrid Theory 217 John Douglas Wilson Comments 237 Panu Poutvaara 8 The Dutch Presumptive Capital Income Tax: Find or Failure? 241 Sijbren Cnossen and Lans Bovenberg Comments 263 Alfons J. Weichenrieder Contents vii III The Welfare State in an Integrating World 267 9 The Crisis of Germany’s Pension Insurance System and How It Can Be Resolved 269 Hans-Werner Sinn Comments 293 Georges de Menil 10 Social Insurance Based on Individual Savings Accounts 303 Peter Birch Sørensen 11 Social Insurance and Redistribution 333 Robin Boadway, Manuel Leite-Monteiro, Maurice Marchand, and Pierre Pestieau Comments 359 Dominique Demougin 12 Insurance and the Utilization of Medical Services among the Self-Employed 365 Craig William Perry and Harvey S. Rosen Comments 397 Gebhard Flaig IV Fiscal Federalism 403 13 Sharing the International Tax Base in a Changing World 405 Richard M. Bird and Jack M. Mintz Comments 447 Thomas Moutos 14 On Cooperation in Musgravian Models of Externalities within a Federation 451 Henry Tulkens viii Contents Comments 465 Clemens Fuest 15 Fiscal Federalism and Risk Sharing in Germany: The Role of Size Differences 469 Kai A. Konrad and Helmut Seitz Comments 491 Marko Ko¨thenbu¨rger 16 Delayed Integration of Mobile Labor: A Principle for Coordinating Taxation, Social Security, and Social Assistance 495 Wolfram F. Richter Comments 519 Søren Bo Nielsen Authors and Commentators 523 Index 525
The list of books you might like
