Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This paper quantitatively characterizes optimal tax systems in a model of overlapping generations, when transitional cohorts are explicitly taken into account. We use the recent study of Conesa et al. (2009) as an example, but extend it by transitional dynamics. We furthermore develop a general and coherent way of aggregating welfare effects of different individuals and cohorts in the short- and the long-run. Our welfare measure includes the case of a utilitarian social welfare function, yet is not limited to this perspective.