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Capital Flight and Tax Competition: Are there Viable Solutions to Both Problems

Giovannini, Alberto; Hines Jr, James R - C.E.P.R. Discussion Papers - 1990

This paper discusses a model corporate tax system based on the application of the residence principle. This tax system, while preserving national sovereignties, minimizes the distortions arising from international capital mobility. The paper is motivated by an analysis of European capital income...

Persistent link: https://www.econbiz.de/10005791586

Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data

Saez, Emmanuel; Zucman, Gabriel - C.E.P.R. Discussion Papers - 2014

This paper combines income tax returns with Flow of Funds data to estimate the distribution of household wealth in the United States since 1913. We estimate wealth by capitalizing the incomes reported by individual taxpayers, accounting for assets that do not generate taxable income. We...

Persistent link: https://www.econbiz.de/10011083649

The Evolution of Aggregate Stock Ownership---A Unified Explanation

Rydqvist, Kristian; Spizman, Joshua; Strebulaev, Ilya - C.E.P.R. Discussion Papers - 2009

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...

Persistent link: https://www.econbiz.de/10004969127

What Explains the German Labor Market Miracle in the Great Recession?

Burda, Michael C; Hunt, Jennifer - C.E.P.R. Discussion Papers - 2011

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …

Persistent link: https://www.econbiz.de/10009246610

Price Effects of Sovereign Debt Auctions in the Euro-zone: The Role of the Crisis

Beetsma, Roel; de Jong, Frank; Giuliodori, Massimo; … - C.E.P.R. Discussion Papers - 2013

Exploring the period since the inception of the euro, we show that secondary-market yields on Italian public debt increase in anticipation of auctions of new issues and decrease after the auction, while no or a smaller such effect is present for German public debt. However, these yield movements...

Persistent link: https://www.econbiz.de/10011083630

Education Promoted Secularization

Becker, Sascha O.; Nagler, Markus; Woessmann, Ludger - C.E.P.R. Discussion Papers - 2014

Why did substantial parts of Europe abandon the institutionalized churches around 1900? Empirical studies using modern data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of secularization. We construct a unique panel dataset of...

Persistent link: https://www.econbiz.de/10011083914

Reservation Wages of First and Second Generation Migrants

Constant, Amelie; Krause, Annabelle; Rinne, Ulf; … - C.E.P.R. Discussion Papers - 2011

survey data of a representative inflow sample into unemployment in Germany, we empirically test the hypothesis that …

Persistent link: https://www.econbiz.de/10008854550

The German Transfer Problem, 1920-1933: A Sovereign Debt Perspective

Ritschl, Albrecht - C.E.P.R. Discussion Papers - 2012

The severity of the Great Depression in Germany has sometimes been blamed on reparations in simplistic fashion … domestic economy, such as excessive wage increases during the 1920s. This paper argues for a more subtle link between Germany …'s slump and these policies. I explain Germany’s foreign borrowing rush before 1929 from transfer protection under the Dawes …

Persistent link: https://www.econbiz.de/10011083352

Explaining Anglo-German Productivity Differences in Services Since 1870

Broadberry, Stephen N - C.E.P.R. Discussion Papers - 2004

Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in … economies of scale in a highly urbanised economy with an international orientation. Low productivity in Germany reflected the …

Persistent link: https://www.econbiz.de/10005788930

And Then There Were Four... How Many (and Which) Measures of Active Labour Market Policy Do We Still Need?

Eichhorst, Werner; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2007

labour market policies in Germany. It argues in favour of a reduced range of active labour market policy schemes focusing on …

Persistent link: https://www.econbiz.de/10005789154