Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:38:52am WEST
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Daily Overview |
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D02: Military Spending, Trade Shocks, and Open Economy Location: Room 102 (Francesinhas 1) | |
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Taxing Capital, Rewarding Labor? The International and Generational Dimensions Deutsche Bundesbank, Germany We study a two-region overlapping-generations model with life-cycle saving and open capital markets to assess whether capital income taxation can finance social insurance more efficiently and equitably than labor taxation. Revenue-neutrally, a labor-tax cut is funded by taxing (i) households’ savings income, (ii) capital used in production, or (iii) accidental bequests. The labor-tax cut raises employment in all cases. Savings-tax financing lowers aggregate saving, triggers net capital inflows that fund domestic investment, raises consumption and output, and worsens net foreign assets. A production-capital tax increases the user cost of capital, reduces capital intensity, lowers long-run output, and improves net foreign assets as domestic saving shifts abroad. A bequest tax avoids distorting firms’ investment and delivers stronger short-run activity, but implies pronounced intergenerational redistribution; in the long run, consumption falls slightly as investment relies more on foreign financing and interest payments. Welfare gains mainly accrue to post-reform cohorts under savings taxation.
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