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. This, in turn, implies that the welfare losses from taxation are small. However, I will argue that: (i) the literature is … taxation on the incentive to accumulate human capital, one finds evidence that labour supply is much more sensitive to income … taxation than previously thought. This implies that optimal tax rates are correspondingly lower. …
Persistent link: https://www.econbiz.de/10015242029
transfer which takes place via labour income taxation. Empirical evidence from the WERS 2004 survey confirms main results of …
Persistent link: https://www.econbiz.de/10015221948
thousand Korean Won (416 US dollars) per person to encourage local consumption. By exploiting unique features of the stimulus …
Persistent link: https://www.econbiz.de/10015248080
The Keynesian approach claims that a reduction in average taxes and/or an increase in autonomous government expenditures will stimulate growth in the economy through multiplier effects. The supply side economics, however, considers mainly the necessary cut in effective economy-wide marginal tax...
Persistent link: https://www.econbiz.de/10015254335
This paper studies how insurance from progressive taxation improves the matching of workers to occupations. We propose …
Persistent link: https://www.econbiz.de/10015258457
What is the impact of replacing conditional welfare programs with a Universal Basic Income (UBI) that costs the same? We answer this question using a general-equilibrium model with incomplete markets that accounts for three imperfections of conditional programs: incomplete take-up, illegitimate...
Persistent link: https://www.econbiz.de/10015213038
How costly are the imperfections of conditional welfare programs? Should we replace these programs with a Universal Basic Income (UBI)? We answer these questions using a general equilibrium model with incomplete markets, accounting for three overlooked imperfections of real-life conditional...
Persistent link: https://www.econbiz.de/10015214826
This paper uses a unique survey questionnaire to assess the impact of the 2002 French tax cut on consumption. I find … constraints on consumption in that context. …
Persistent link: https://www.econbiz.de/10015219719
This paper uses a unique survey questionnaire to assess the impact of the 2002 French tax cut on consumption. I find … constraints on consumption in that context. …
Persistent link: https://www.econbiz.de/10015219773
The standard neoclassical growth model with Cobb-Douglas production predicts a monotonically declining saving rate, when reasonably calibrated. Ample empirical evidence, however, shows that the transition paths of most countries’ saving rates exhibit a statistically significant hump-shaped...
Persistent link: https://www.econbiz.de/10015241733