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Heterogeneity and Government Revenues: Higher Taxes at the Top?

Guner, Nezih; Lopez-Daneri, Martin; Ventura, Gustavo - C.E.P.R. Discussion Papers - 2014

We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the Federal Income tax, and flat-rate taxes that capture...

Persistent link: https://www.econbiz.de/10011083288

Optimal Tax Progressivity: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2014

What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax … earnings risk. At the same time, progressivity reduces incentives to work and to invest in skills, and aggravates the …, and market structure parameters influence the optimal degree of progressivity. A calibration for the U.S. economy …

Persistent link: https://www.econbiz.de/10011084652

Flat Tax Reforms: Investment Expensing and Progressivity

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2011

progressivity in flat-tax reforms of the United States economy. We find that investment expensing as in the Hall and Rabushka type … expensing and varying degrees of progressivity reveal that the distributional role of the tax-exemption in the labor income tax … is limited. But we also find that the progressivity of the reforms matters for welfare: economies with more progressive …

Persistent link: https://www.econbiz.de/10008854542

What's the monetary value of distributive justice?

Corneo, Giacomo; Fong, Christina - C.E.P.R. Discussion Papers - 2005

This paper develops a simple theoretical model that can be implemented to estimate the willingness to pay for distributive justice. We derive a formula that allows one to recover the willingness to pay for distributive justice from the estimated coefficients of a probit regression and fiscal...

Persistent link: https://www.econbiz.de/10005792214

EU Reforms for Tomorrow’s Europe

Baldwin, Richard; Berglöf, Erik; Giavazzi, Francesco; … - C.E.P.R. Discussion Papers - 2000

This Paper contributes ideas and analysis to the ongoing EU reform debate. It consists of three distinct parts: voting in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination” dates. The IGC currently focuses on Council voting,...

Persistent link: https://www.econbiz.de/10005504315

The Political Economy of Coal Subsidies in Europe

Anderson, Kym - C.E.P.R. Discussion Papers - 1995

Both the mining and the burning of coal is pollutive, so one might expect to observe taxes on coal production and consumption. Yet several countries in Western Europe subsidize coal production, and most East European countries subsidize coal consumption. The first part of this paper shows that...

Persistent link: https://www.econbiz.de/10005504664

Trade in the Triad: How Easy is the Access to Large Markets?

Fontagne, Lionel; Mayer, Thierry; Zignago, Soledad - C.E.P.R. Discussion Papers - 2004

We identify in this Paper the level of trade integration between the three largest economic powers of the world, often called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between members of the Triad using border effects between each...

Persistent link: https://www.econbiz.de/10005504710

On the Relationship between Fiscal Plans in the European Union: An Empirical Analysis Based on Real-Time Data

Beetsma, Roel; Giuliodori, Massimo - C.E.P.R. Discussion Papers - 2007

We investigate the interdependence of fiscal policies, and in particular deficits, in the European Union using an empirical analysis based on real-time fiscal data. There are many potential reasons why fiscal policies could be interdependent, such as direct externalities due to cross-border...

Persistent link: https://www.econbiz.de/10005497943

Monnet's Error?

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2015

Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...

Persistent link: https://www.econbiz.de/10011266537

Innovation and spatial inequality in Europe and USA

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow faster and have higher average wages. Little research, however, has considered the potential negative consequences: as a small body of innovators gain relative to others, innovation...

Persistent link: https://www.econbiz.de/10011083831