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Smooth Income Tax Schedules : Derivation and Consequences

Estévez Schwarz, Diana - 2018

Existing tax schedules are often overly complex and characterized by discontinuities in the marginal tax burden. In this paper we propose a class of progressive smooth functions to replace personal income tax schedules. These functions depend only on three meaningful parameters, and avoid the...

Persistent link: https://www.econbiz.de/10012919519

Trade and Industrial Policies with Heterogeneous Firms : The Role of Country Asymmetries

Pflüger, Michael - 2010

This paper explores the role of country asymmetries for trade and industrial policies with heterogeneous firms. Our analysis delivers a number of novel results. First, trade policies, infrastructure policies and industrial policies which improve the business conditions in one country have...

Persistent link: https://www.econbiz.de/10013134819

An Empirical Analysis of Trade-Related Redistribution and the Political Viability of Free Trade

Lake, James - 2014

Even if free trade creates net welfare gains for a country as a whole, the associated distributional implications can undermine the political viability of free trade. We show that trade-related redistribution increases the political viability of free trade in the US. We do so by assessing the...

Persistent link: https://www.econbiz.de/10013055559

Brain Drain and its Determinants : A Major Issue for Small States

Beine, Michel; Docquier, Frédéric; Schiff, Maurice W. - 2021

This paper examines the relationship between the brain drain and country size, as well as the extent of small states' overall loss of human capital. We find that small states are the main losers because they i) lose a larger proportion of their skilled labor force and ii) exhibit stronger...

Persistent link: https://www.econbiz.de/10013324835

Trade as a Wage Disciplining Device

Persyn, Damiaan - 2021

We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...

Persistent link: https://www.econbiz.de/10013324883

Occupational Choice, Aggregate Productivity, and Trade

Meckl, Jürgen - 2011

We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz (2003), and of Manasse and Turrini (2001) that establish the theoretical...

Persistent link: https://www.econbiz.de/10013129918

Trade Liberalization, Democratization and Technology Adoption

Cervellati, Matteo - 2013

equilibrium theory with heterogeneous skills predicts a complementarity between trade and political regimes. Openness should …

Persistent link: https://www.econbiz.de/10013088332

National Champion versus Foreign Takeover

Südekum, Jens - 2021

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10013316871

The Variability and Volatility of Sleep : An Archetypal Approach

Hamermesh, Daniel S.; Pfann, Gerard A. - 2022

individuals' sleep time exhibits both variability and volatility characterized by stationary autoregressive conditional … young children at home. Volatility is greater among parents with young children, slightly greater among men than women, but … independent of other demographics. A theory of economic incentives to minimize the dispersion of sleep predicts that higher …

Persistent link: https://www.econbiz.de/10014083924

Trading While Sleepy? Circadian Mismatch and Excess Volatility in a Global Experimental Asset Market

Dickinson, David L. - 2017

Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...

Persistent link: https://www.econbiz.de/10012947730