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When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy...
Persistent link: https://www.econbiz.de/10011602603
certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …
Persistent link: https://www.econbiz.de/10011800081
We study the political economy of commuting subsidies in a model of a mono-centric city with two income classes. Depending on housing demand and transport costs, either the rich or the poor live in the central city and the other group in the suburbs. Commuting subsidies increase the net income...
Persistent link: https://www.econbiz.de/10002521705
We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures … changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …
Persistent link: https://www.econbiz.de/10013494038
Land subsidence threatens the living conditions of roughly 1.2 billion people worldwide in deltaic regions characterized by soft top soil. Economic activity in deltaic regions requires lowering the groundwater levels to keep the land sufficiently dry to maintain productivity, which, however,...
Persistent link: https://www.econbiz.de/10014382946
bucket”. We analyze the MECR of an income-contingent childcare subsidy program and the income tax within the German context … forces. (i) Labor supply responses increase the MECR of the childcare subsidy relative to the income tax. (ii) Child … development effects decrease the MECR of the childcare subsidy relative to the income tax. For reasonably large Pareto weights on …
Persistent link: https://www.econbiz.de/10014435203
' with substantial bunching along the earnings distribution. Since 2003, the newly introduced Midijob subsidy aims to reduce …
Persistent link: https://www.econbiz.de/10015179219
up to 10 years after the first birth, which suggests adverse unintended consequences of the small jobs subsidy program …
Persistent link: https://www.econbiz.de/10015134022
Given that credit and insurance markets are imperfect, and given also that intra-household transfers, and much of the work a child does, are private information, the second-best policy uses a combination of need and merit based education awards, together with a mix of taxes on parental income,...
Persistent link: https://www.econbiz.de/10003974574
Atkinson and Stiglitz (Journal of Public Economics 1976) show that when the government has access to non-linear income taxation and consumer preferences are separable between consumption and leisure, there is no need for differentiated commodity taxation. This paper examines the empirical...
Persistent link: https://www.econbiz.de/10003951573