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margin. The skill distribution is continuous, and, for each skill level, the distribution of migration cost is also … migration is decreasing in the skill level. When the semi-elasticity of migration is increasing in the skill level, either … negative. Numerical simulations are calibrated using plausible values of the semi-elasticity of migration for top income …
Persistent link: https://www.econbiz.de/10009773433
, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … case in which the young generations migration decision takes its effect on future pensions into account (strategic … migration) and the case in which it only reflects differentials in labor income (myopic migration). The paper also pays …
Persistent link: https://www.econbiz.de/10011399341
Labor mobility is commonly taken as a property of an optimal currency area. But how does that property affect the outcome of fiscal policies? In our model, we show that perfect (costless) labour mobility is not necessarily welfare improving, since it prevents the national fiscal authorities from...
Persistent link: https://www.econbiz.de/10010471847
This paper analyzes the treatment of commuting expenses by the income tax code from a normative and a positive point of view within a continuous space framework with endogenous residence choices and perfect labor mobility. As commuting expenses should never be deductible from the income tax base...
Persistent link: https://www.econbiz.de/10011508010
We use a quantitative model to study the implications of European integration for welfare and migration flows across 1 … percent causing an estimated migration of about 8 million individuals to the European core. This implies that the dismantling …
Persistent link: https://www.econbiz.de/10011587896
How should central banks optimally aggregate sectoral inflation rates in the presence of imperfect labor mobility across sectors? We study this issue in a two-sector New-Keynesian model and show that a lower degree of sectoral labor mobility, ceteris paribus, increases the optimal weight on...
Persistent link: https://www.econbiz.de/10012303953
We show that firm and industry, rather than inventor and invention factors, explain more than half of the variation in inventor returns in administrative employer-inventor-patent-linked data from Germany. Between-firm variation in inventive rents is strongly associated with inventor mobility....
Persistent link: https://www.econbiz.de/10015098713
We study the impact of taxation on the location choices of individuals and tax bases in Italy. We exploit some recent tax decentralization reforms, which granted regions and municipalities greater power in setting income tax rates across brackets. Combining granular micro-level data on tax...
Persistent link: https://www.econbiz.de/10014364945
The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union could overcome this by allowing member states to institute graduate taxes or income-contingent loans, collected also from migrants. This paper presents calculations on how a...
Persistent link: https://www.econbiz.de/10011404287
their territory. Crime is mobile, ex ante (migration) and ex post (fleeing), and criminals hiding abroad after having com …
Persistent link: https://www.econbiz.de/10011956277