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Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation

Krueger, Dirk; Ludwig, Alexander - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2013

. Progressive labor income taxes provide social insurance against idiosyncratic income risk and redistributes after tax income among … policy is indeed characterized by a substantially progressive labor income tax code and a positive subsidy for college … education. Both the degree of tax progressivity and the education subsidy are larger than in the current U.S. status quo. …

Persistent link: https://www.econbiz.de/10010862052

Endogenous Redistributive Cycles An Overlapping Generations Approach to Social Conflict and Cyclical Growth

Clemens, Christiane; Heinemann, Maik - 2005

asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax-transfer-scheme. The …

Persistent link: https://www.econbiz.de/10005526865

Endogenous redistributive cycles: an overlapping generations approach to social conflict and cyclical growth

Clemens, Christiane; Heinemann, Maik - 2005

asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax.transfer.scheme. The …

Persistent link: https://www.econbiz.de/10010265108

On the effects of redistribution on growth and entrepreneurial risk taking

Clemens, Christiane; Heinemann, Maik - 2005

Persistent link: https://www.econbiz.de/10010265109

E-stability and stability of adaptive learning in models of asymetric information

Heinemann, Maik - 2007

The paper demonstrates how the Estability principle introduced by Evans and Honkapohja can be applied to models with heterogeneous and private information in order to assess the stability of rational expectations equilibria under learning. The paper extends already known stability results for...

Persistent link: https://www.econbiz.de/10010265163

Government size and business cycle volatility: How important are credit constraints?

Leibrecht, Markus; Scharler, Johann - 2012

In this paper we analyze how the availability of credit influences the relationship between government size as a proxy for fiscal stabilization policy and the amplitude of business cycle fluctuations in a sample of advanced OECD countries. Interpreting relatively low loan-tovalue ratios as an...

Persistent link: https://www.econbiz.de/10010294478

On the Effects of Redistribution on Growth and Entrepreneurial Risk-Taking

Clemens, Christiane; Heinemann, Maik - 2005

growth, nonñlinear tax schemes are partly capable of compensating the negative by effects by ex post providing a social …

Persistent link: https://www.econbiz.de/10005545311

E–stability and stability of adaptive learning in models with asymmetric information

Heinemann, Maik - 2007

The paper demonstrates how the E–stability principle introduced by Evans and Honkapohja [2001] can be applied to models with heterogeneous and private information in order to assess the stability of rational expectations equilibria under learning. The paper extends already known stability...

Persistent link: https://www.econbiz.de/10005429843

Government Size and Business Cycle Volatility; How Important Are Credit Constraints?

Leibrecht, Markus; Scharler, Johann - 2012

In this paper we analyze how the availability of credit in uences the relationship between government size as a proxy for scal stabilization policy and the amplitude of business cycle uctuations in a sample of advanced OECD countries. Interpreting relatively low loan-tovalue ratios as an...

Persistent link: https://www.econbiz.de/10011161055

Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model

Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2014

We develop a macroeconomic model where the government does not guarantee to repay debt. We ask whether movements in the price of government bonds can be rationalized by lenders' unwillingness to fully roll over debt when the outstanding level of debt exceeds the government's repayment capacity....

Persistent link: https://www.econbiz.de/10010796433