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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

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

Do Food Scares Explain Supplier Concentration? An Analysis of EU Agri-food Imports

Cadot, Olivier; Jaud, Mélise; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 2009

This paper documents a decreasing trend in the geographical concentration of EU agro-food imports. Decomposing the concentration indices into intensive and extensive margins components, we find that the decrease in overall concentration indices results from two diverging trends: the pattern of...

Persistent link: https://www.econbiz.de/10005014570

Self-employment of rural-to-urban migrants in China

Giulietti, Corrado; Ning, Guangjie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011

This paper focuses on the determinants of self-employment among rural to urban migrants in China. Two self-selection mechanisms are analysed: the first relates to the manner in which migrants choose self-employment or paid work based on the potential gains from either type of employment; the...

Persistent link: https://www.econbiz.de/10009205061

Price, Wage and Employment Response to Shocks: Evidence from the WDN Survey

Bertola, Giuseppe; Dabusinskas, Aurelijus; Hoeberichts, … - C.E.P.R. Discussion Papers - 2010

This paper analyses information from survey data collected in the framework of the Eurosystem’s Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in...

Persistent link: https://www.econbiz.de/10008468574

EMU, EU, capital market integration and consumption smoothing

Christev, Atanas; Melitz, Jacques - C.E.P.R. Discussion Papers - 2010

This empirical study of the impact of EMU on capital market integration and consumption smoothing comes to three conclusions: first, EMU promotes members’ holdings of foreign assets and foreign liabilities; second, no benefits of consumption smoothing result; third, EU membership, not a single...

Persistent link: https://www.econbiz.de/10008468696

Commercial Links Between Western Europe and East Asia: Retrospect and Prospects

Anderson, Kym; Francois, Joseph - C.E.P.R. Discussion Papers - 1997

East Asia has rapidly become the third centre of gravity for global economic activity. North America is relatively well integrated with East Asia, but Europe is not. This paper explores the extent to which economic growth and trade policy developments over the next decade or so will strengthen...

Persistent link: https://www.econbiz.de/10005123497