Similar Search Results

Rational Inattention to Subsidies for Charitable Contributions

Scharf, Kimberley; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2010

Recent evidence suggests that individuals do not always take notice of tax attributes when making their choices. This paper focuses on the case of tax relief for charitable contributions. Although a fully rational donor should view a matched payment to the receiving charity and a tax rebate of...

Persistent link: https://www.econbiz.de/10008468705

Tax Incentives and the Demand for Life Insurance: Evidence from Italy

Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2001

The theoretical literature suggests that taxation can have a large impact on household portfolio selection and allocation. In this Paper we consider the tax treatment of life insurance, considering the cancellation of tax incentives in Italian life insurance contracts for investors with high...

Persistent link: https://www.econbiz.de/10005136504

Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms

Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2004

Before 1992 mortgage interest in Italy was fully tax deductible up to 3,500 euro (7,000 for two cosigners). Between 1992-94 the government implemented a series of tax reforms whose ultimate effect was to cancel the relation between the after-tax mortgage rate and the marginal tax rate. Using...

Persistent link: https://www.econbiz.de/10005067426

The Macroeconomic Effects of German Unification: Real Adjustments and the Welfare State

Canova, Fabio; Ravn, Morten O - C.E.P.R. Discussion Papers - 1998

We study the effects of German unification on macroeconomic variables in a model with capital accumulation, skill differences and a welfare state. The integration of two economies differing in capital holdings and skill distribution is similar to a mass migration of low-skilled agents holding no...

Persistent link: https://www.econbiz.de/10005497833

Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach

Estache, Antonio; van Wijnbergen, Sweder - C.E.P.R. Discussion Papers - 1992

King-Fullerton methodology cannot assess the minimum-asset tax (MAT) because it cannot handle uncertainty. We present an alternative based on option pricing, and show how carry-over rules, depreciation conventions and uncertainty affect the MAT burden. Using Brazilian data, we show that: (a)...

Persistent link: https://www.econbiz.de/10005498170

Tax Incentives to Saving and Borrowing

Jappelli, Tullio; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2003

The Paper reviews the literature on these tax incentives, with special focus on long-term saving, housing, and household liabilities. The Paper addresses several areas of policy intervention: (1) the interest rate effect on personal saving; (2) the effect of tax incentives on long-term mandatory...

Persistent link: https://www.econbiz.de/10005666717

National Treatment in the GATT

Horn, Henrik - C.E.P.R. Discussion Papers - 2006

The National Treatment clause (NT) is the first-line defence in the GATT (and in most other trade agreements) against opportunistic exploitation of the inevitable incompleteness of the agreement. This paper examines the role of NT as it applies to internal taxation under the GATT. It is shown...

Persistent link: https://www.econbiz.de/10005661666

Trade Agreements as Endogenously Incomplete Contracts

Horn, Henrik; Maggi, Giovanni; Staiger, Robert - C.E.P.R. Discussion Papers - 2007

We propose a model of trade agreements in which contracting is costly, and as a consequence the optimal agreement may be incomplete. In spite of its simplicity, the model yields rich predictions on the structure of the optimal trade agreement and how this depends on the fundamentals of the...

Persistent link: https://www.econbiz.de/10005662007

Unemployment and Inflation in Ireland: 1926-2012

Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015

We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices. While there is a break in 1979-80, when the link to...

Persistent link: https://www.econbiz.de/10011272719

Is There A Wage Premium for Returning Irish Migrants?

Barrett, Alan; O'Connell, Philip - C.E.P.R. Discussion Papers - 2000

Higher rates of economic growth in recent years have led Ireland from being a country characterized by emigration to … compare the wages of returned migrants with the wages of those who stayed in Ireland. In a recent paper, it has been argued … find support for this argument for men. On average, returning males earn 10 percent more than men who stayed in Ireland …

Persistent link: https://www.econbiz.de/10005123622