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Progressing towards efficiency : the role for labor tax progression in reforming social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2022

We study interactions between progressive labor taxation and social security reform. Increasing longevity puts fiscal strain that necessitates the social security reform. The current social security is redistributive, thus providing (at least partial) insurance against idiosyncratic income...

Persistent link: https://www.econbiz.de/10012888436

Technological advance, social fragmentation and welfare

Bosworth, Steven; Snower, Dennis J. - 2021

This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...

Persistent link: https://www.econbiz.de/10012418627

Welfare effects of unemployment benefits when informality is high

Liepmann, Hannah; Pignatti, Clemente - 2021

We analyze for the first time the welfare effects of unemployment benefits (UBs) in a context of high informality, exploiting matched administrative and survey data with individual-level information on UB receipt, formal and informal employment, wages and consumption. Using a...

Persistent link: https://www.econbiz.de/10012596314

Welfare improving tax evasion

Canta, Chiara; Cremer, Helmuth; Gahvari, Firouz - 2020

We study optimal income taxation in a framework where one's willingness to report his income truthfully is positively correlated with his type. We show that allowing low-productivity types to cheat leads to Pareto-superior outcomes as compared to deterring them, even if audits can be performed...

Persistent link: https://www.econbiz.de/10012252256

Welfare effects of property taxation

Löffler, Max; Siegloch, Sebastian - 2021

We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German...

Persistent link: https://www.econbiz.de/10012486956

Efficiency versus insurance: capital income taxation and privatizing social security

Makarski, Krzysztof; Tyrowicz, Joanna; Komada, Oliwia - 2021

We study the interactions between capital income tax and social security privatization in the context of rising longevity. In an economy with idiosyncratic income shocks, redistributive defined benefit social security provides some insurance against income uncertainty. This insurance comes at...

Persistent link: https://www.econbiz.de/10012653219

Employer sanctions: a policy with a pitfall?

Stark, Oded; Jakubek, Marcin - 2021

native laborers. In response to such sanctions, managers in a firm may be reassigned from the supervision of production to …. It is shown that when the sanctions are steep enough, a profit-maximizing firm will assign managers to verification … fraction of reassigned managers. If this efficiency is not high enough, the sanctions bring in their wake consequences that fly …

Persistent link: https://www.econbiz.de/10012623843

Inefficient short-time work

Cahuc, Pierre; Nevoux, Sandra - 2017

This paper shows that the reforms which expanded short-time work in France after the great 2008-2009 recession were largely to the benefit of large firms which are recurrent short-time work users. We argue that this expansion of short-time work is an inefficient way to provide insurance to...

Persistent link: https://www.econbiz.de/10011732014

Wage risk, employment risk and the rise in wage inequality

Mecikovsky, Ariel Matias; Wellschmied, Felix - 2016

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply and job mobility. Across education groups permanent shocks to productivity have become more dispersed. Moreover, heterogeneity in pay across offered jobs has increased for...

Persistent link: https://www.econbiz.de/10011595910

The welfare effects of globalization with labor market regulation

Palokangas, Tapio K. - 2015

I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national or international common agency that...

Persistent link: https://www.econbiz.de/10011347148