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This paper suggests two generalizations of the deposit-refund idea. In the first, we apply the idea not just to solid waste materials, but to any waste from production or consumption including wastes that may be solid, gaseous, or liquid. Using a simple general equilibrium model, we derive the...
Persistent link: https://www.econbiz.de/10013220787
Many households received income tax rebates in 2001 of $300 or $600. These rebates represented advance payments of the tax cut from the new 10 percent tax bracket. Based on a survey of a representative sample of households, this paper finds that only 22 percent of households receiving the rebate...
Persistent link: https://www.econbiz.de/10013240551
Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax liability. This amounts to a zero interest loan to the government. Previous studies have suggested two main explanations for this behavior: precautionary behavior in light of tax...
Persistent link: https://www.econbiz.de/10013143772
), which simultaneously reduced marginal reimbursement and increased average reimbursement. IRFs could respond to the PPS by …
Persistent link: https://www.econbiz.de/10013122658
Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...
Persistent link: https://www.econbiz.de/10013150550
We present a simple graphical framework to illustrate the potential welfare gains from a “top-up” health insurance policy requiring patients to pay the incremental price for more expensive treatment options. We apply this framework to breast cancer treatments, where lumpectomy with radiation...
Persistent link: https://www.econbiz.de/10013052496
of contracts. Consumers with greater demand for medical care services prefer contracts with more generous reimbursement …
Persistent link: https://www.econbiz.de/10013055848
do this, we exploit a substantial policy-induced increase in MA reimbursement in metropolitan areas with a population of … 250 thousand or more relative to MSAs just below this threshold. Our results demonstrate that the additional reimbursement …. Our findings also reveal that only about one-fifth of the additional reimbursement is passed through to consumers in the …
Persistent link: https://www.econbiz.de/10013056590
We explore household consumption surrounding federal tax returns filings and refunds receipt to test various theories of consumption. Because uncertainty regarding the refund is resolved at filing, precautionary savings theory predicts an increase in consumption at this date. Contrary to this...
Persistent link: https://www.econbiz.de/10013061384
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic bank in Indonesia. In our main treatment, clients receive a text message stating that “non-repayment of debts by someone who is able to repay is an injustice.” This moral...
Persistent link: https://www.econbiz.de/10013014296