Showing 1 - 10 of 11
frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less … update their policy rate expectations less than households when provided with an expert forecast, consistent with holding …
Persistent link: https://www.econbiz.de/10014083849
interest. Yet, analyses that go beyond income and incorporate non-market dimensions of welfare most often rely on the … international comparison based on individual welfare rankings that fully retain preference heterogeneity. Focusing on the … countries and the US. We retrieve preference heterogeneity within and across countries and analyze several welfare criteria …
Persistent link: https://www.econbiz.de/10013118277
The elasticity of taxable income (ETI) is often interpreted as a sufficient statistic to assess the welfare costs of … sufficient to calculate the welfare cost of taxation …
Persistent link: https://www.econbiz.de/10013045052
There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply elasticities derived from microeconometric models can also be...
Persistent link: https://www.econbiz.de/10013051442
In recent decades, many industrialized economies have witnessed a pattern of job polarization. While shifts in labor demand, namely routinization or offshoring, constitute conventional explanations for job polarization, there is little research on whether shifts in labor supply along the labor...
Persistent link: https://www.econbiz.de/10014082319
This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the...
Persistent link: https://www.econbiz.de/10013120839
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10013122677
Equality of opportunity is an important normative ideal of distributive justice. In spite of its wide acceptance and economic relevance, standard estimation approaches suffer from data limitations that can lead to both downward and upward biased estimates of inequality of opportunity. These...
Persistent link: https://www.econbiz.de/10013213351
There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their misfortune, while they allow them to enjoy the fruits of their effort. Such fairness considerations have been introduced in political economy and optimal income tax models with a...
Persistent link: https://www.econbiz.de/10013134816
As the link between tax compliance and tax morale is found to be robust, finding the determinants of tax morale can help to understand and fight tax evasion. In this paper we analyze the effect of progressive taxation on tax morale in a cross-country approach which has not been investigated...
Persistent link: https://www.econbiz.de/10013134979