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Francesconi, Marco; Pollak, Robert A.; Tabasso, Domenico - C.E.P.R. Discussion Papers - 2015

Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...

Persistent link: https://www.econbiz.de/10011165653

Paying for Performance with Altruistic or Motivated Providers

Siciliani, Luigi - C.E.P.R. Discussion Papers - 2007

separating equilibrium can emerge, depending on the degree of altruism, characterised as very low, low, high and very high. i …) For very low altruism the quantity of the efficient and inefficient types is distorted upwards and downwards respectively …; the efficient type makes a positive profit. ii) For low altruism the quantity of the efficient and inefficient types is …

Persistent link: https://www.econbiz.de/10005661600

Multitasking, Quality and Pay for Performance

Kaarboe, Oddvar Martin; Siciliani, Luigi - C.E.P.R. Discussion Papers - 2008

We present a model of optimal contracting between a purchaser and a provider of health services when quality has two dimensions. We assume that one dimension of quality is verifiable (dimension 1) and one dimension is not verifiable (dimension 2). We show that the power of the incentive scheme...

Persistent link: https://www.econbiz.de/10005791404

Assessing the Effects of Local Taxation Using Microgeographic Data

Duranton, Gilles; Gobillon, Laurent; Overman, Henry G - C.E.P.R. Discussion Papers - 2006

We study the impact of local taxation on the location and growth of firms. Our empirical methodology pairs establishments across jurisdictional boundaries to estimate the impact of taxation. Our approach improves on existing work as it corrects for unobserved establishment heterogeneity, for...

Persistent link: https://www.econbiz.de/10005504532

The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

Economists traditionally tackle normative problems by computing optimal policy, ie the one that maximizes a social welfare function. In practice, however, a succession of marginal changes to a limited number of policy instruments are implemented, until no further improvement is feasible. I call...

Persistent link: https://www.econbiz.de/10005504617

Optimal Labour Taxation and Search

Boone, Jan; Bovenberg, A Lans - C.E.P.R. Discussion Papers - 2001

This Paper explores the optimal role of the tax system in alleviating labour-market imperfections and raising revenue. For this purpose, the standard search model of the labour market is extended by introducing scarce entrepreneurial talent and arbitrage between the supply and demand. We study...

Persistent link: https://www.econbiz.de/10005504773

The Evolution of Aggregate Stock Ownership---A Unified Explanation

Rydqvist, Kristian; Spizman, Joshua; Strebulaev, Ilya - C.E.P.R. Discussion Papers - 2009

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership decreases with...

Persistent link: https://www.econbiz.de/10004969127

Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2015

Unilateral second-best carbon taxes are analysed in a two-period, two-country model with international trade in final goods, oil and bonds. Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is...

Persistent link: https://www.econbiz.de/10011262885

Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries

Barrios, Salvador; Nicodème, Gaëtan; Fuentes, Sanchez; … - C.E.P.R. Discussion Papers - 2014

The present study provides estimates of the Effective Marginal Tax Rates (EMTRs) for a sample of 17 OECD countries and 11 manufacturing sectors in a single framework encompassing capital, labour and energy taxes. Our cross-country/cross-sector approach allows us comparing the incentives provided...

Persistent link: https://www.econbiz.de/10011083944

Migration and Wage Effects of Taxing Top Earners: Evidence from the Foreigners' Tax Scheme in Denmark

Kleven, Henrik; Landais, Camille; Saez, Emmanuel; … - C.E.P.R. Discussion Papers - 2013

This paper analyzes the effects of income taxation on the international migration and earnings of top earners using a Danish preferential foreigner tax scheme and population-wide Danish administrative data. This scheme, introduced in 1991, allows new immigrants with high earnings to be taxed at...

Persistent link: https://www.econbiz.de/10011084078