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Well-being, poverty and labor income taxation : theory and application to Europe and the U.S.
Maniquet, François; Neumann, Dirk - 2016
In a model in which agents differ in wages and preferences over labor time-consumption bundles, we study labor income tax schemes that alleviate poverty. To avoid conflict with individual well-being, we require redistribution to take place between agents on both sides of the poverty line...
Persistent link: https://www.econbiz.de/10011528840
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An unemployment insurance scheme for the Euro area? : a comparison of different alternatives using micro data
Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2014
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010423760
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009667120
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Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system
Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009545267
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Tax-benefit systems in Europe and the US : between equity and efficiency
Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011
Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To shed new light on this question, we estimate labor...
Persistent link: https://www.econbiz.de/10009124584
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Equality of opportunity and redistribution in Europe
Dunnzlaff, Lina; Neumann, Dirk; Niehues, Judith; … - 2010
The concept of equality of opportunity (EOp) goes back to Roemer (1993, 1998) who argues that a society shall guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of...
Persistent link: https://www.econbiz.de/10009313331
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Comparing inequality aversion across countries when labor supply responses differ
Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2013
We analyze to which extent social inequality aversion differs across nations when control- ling for actual country differences in labor supply responses. Towards this aim, we estimate labor supply elasticities at both extensive and intensive margins for 17 EU countries and the US. Using the same...
Persistent link: https://www.econbiz.de/10009715731
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Global macro-financial cycles and spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
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Financial globalization and economic policies
Kose, M. Ayhan; Prasad, Eswar S.; Rogoff, Kenneth S.; … - 2009
process of financial globalization. Our central findings indicate that policies promoting financial sector development …, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound … unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these …
Persistent link: https://www.econbiz.de/10003816538
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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10003831857