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University of Washington · Economics
Active 1818–2023
Neil Bruce is a Professor Emeritus in the Department of Economics at the University of Washington. He received his Ph.D. from the University of Chicago in 1975 and specializes in public finance. His research includes topics such as social security, growth, and welfare in overlapping generations economies, with a focus on issues related to annuities. Throughout his career, he has contributed to the field through scholarly articles, including a notable publication co-authored with Stephen J. Turnovsky in the Journal of Public Economics in 2013. Professor Bruce has been a part of the university for over 25 years and has made significant contributions to the academic community in economics.
Green Taxes and Policies for Environmental Protection
Springer eBooks · 2023 · 6 citations
Trade and Trade Taxes in an Inter-Temporally Optimizing Economy
Robin Boadway
Queen's University
Jack Mintz
Stephen J. Turnovsky
University of Washington
Douglas D. Purvis
Robin W. Boadway
Ph.D.
University of Chicago
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2022-02-02
Some Extensions of the Two Sector General Equilibrium Model of Tax Incidence
2022-02-02
On Measuring Welfare Costs in a General Equilibrium Model
2022-02-02
Three Essays on Taxation in Simple General Equilibrium Models
2022 · 1 citations
This book, first published in 1984, examines the use of simple general equilibrium models in analysing the effects of taxes. The replacement of the earlier partial equilibrium approach has yielded numerous insights and conclusions, and these are examined here alongside the simple general equilibrium reasoning.
Social security, growth, and welfare in overlapping generations economies with or without annuities
Journal of Public Economics · 2013-02-27 · 33 citations
Social Security, Growth and Welfare in OLG Economies
RePEc: Research Papers in Economics · 2012-06-01
We examine the impact of a stylized pay-as-you-go (PAYGO) Social Security program in an economy of overlapping generations with equilibrium growth. We adopt realistic mortality and other demographic assumptions and allow for the presence or absence of full life annuities. In all cases we find that steady state economies with PAYGO Social Security programs grow more slowly than those without. Also, we find that, for steady state economies having the same wage rate at the current time, initial all-inclusive wealth and lifetime expected utility are lower for households newly entering the economy with Social Security, and for all households subsequent. Growth and welfare are lower in economies without annuities, but the quantitative impact depends on how the financial wealth of decedents is distributed across the surviving population. With or without annuities, the presence of a PAYGO Social Security program reduces growth and welfare.
Social Security, Growth, and Welfare in Overlapping Generations Economies With or Without Annuities
SSRN Electronic Journal · 2012-01-01 · 26 citations
DEMOGRAPHY AND GROWTH: A UNIFIED TREATMENT OF OVERLAPPING GENERATIONS
Macroeconomic Dynamics · 2012-09-28 · 15 citations
We construct a unified overlapping-generations framework of equilibrium growth that includes the Blanchard “perpetual youth” model, the Samuelson model, and the infinitely lived–agent model as limit specifications for a “realistic” two-parameter survivorship function. We assess how the limit specifications compare with the general survival function, and analyze how exogenous changes in demographic conditions affect equilibrium growth and savings rates. Predicted effects are consistent with some cross-country correlations between demographic conditions and growth rates.
The Generalized Excess Burden of Taxation
SSRN Electronic Journal · 2011-01-01
Michael Waldman
Richard Harris