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Compared with its U.S. and U.K. counterparts, the Labor Tax Credit (LTC) is likely to have more limited effects on incentives for primary-earners to enter the labor force, because of the smaller size of the credit. Any significant increase in the LTC to strengthen its effect on the still large...
Persistent link: https://www.econbiz.de/10014407669
This paper examines the possibility of ascertaining the welfare changes that occur when a consumption tax replaces an equal-yield income tax. It finds that those with saving/income ratios greater than the social saving/income ratio under the income tax will surely benefit and those with ratios...
Persistent link: https://www.econbiz.de/10014395882
The classical corporate profits tax in the United States involves non-neutralities between: different sources of financing; different forms of business organization; and retaining or distributing earnings and may result in the U.S. investor being at a disadvantage vis-à-vis foreign investors....
Persistent link: https://www.econbiz.de/10014396227
This Selected Issues paper examines conditions in Colombian labor markets, which present a big challenge to the country. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered underemployed. The paper reviews labor market developments...
Persistent link: https://www.econbiz.de/10005824954
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...
Persistent link: https://www.econbiz.de/10014400820
The German economy has made major strides, helped by wide-ranging reforms. Greater transparency and stronger incentives for prudent action will support crisis prevention and management. The immediate priorities are preserving the integrity of the financial system and maintaining economic...
Persistent link: https://www.econbiz.de/10014401585
leading to speculation about delayed increases or competitive pressures. Given Germany’s large size and openness, spillover … interactions appear to have increased over time. In the midst of a strong recovery, Germany is facing shortages of labor, the … emigration of high-skilled labor, and a reduction in immigration. Germany’s traditionally insider-dominated corporate governance …
Persistent link: https://www.econbiz.de/10014401906
Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering …
Persistent link: https://www.econbiz.de/10014402356