In this paper we investigate the welfare effect of capital income taxation in a standard one commodity general equilibrium model with incomplete markets (GEI) and production. We consider a competitive economy of two periods with uncertainty over a finite number S of possible states of nature...

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the Disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs.

Shortly after the re-election of the Howard government in October 1998 a group of five prominent economists proposed a plan to 'cut the jobless rate' in an open letter addresses to the Prime Minister (The Australian, October 26 1998). This article seeks to critically consider the economist's...

The paper gives a systematic treatment of equivalent tax systems within an intertemporal framework.

The paper provides a theory where the size of the inspection authority and the size of the fines evolve endogenously. We find that if a society cannot commit to future taxes it may gain form committing to a small Inland Revenue Service and small punishments for tax evasion. The possibility of...

Nous considerons un modele dans lequel l'accumulation de capital huamin depend de deux inputs: l'effort prive d'education des individus et le poids du systeme educatif public represente par son taux d'encadrement. Ce dernier depend notamment du pourcentage d'enseignants qui est choisi par les...

This study assesses the redistributive effects of fiscal policy in Mali and Niger. Fiscal policy is poverty increasing in Mali (by 2.4 percentage points) and Niger (2.5 percentage points). This is a result of primarily two factors: indirect taxes (value-added taxes and import duties) and direct...