Showing 1 - 10 of 103
switch to private provision welfare improving for all agents including public employees. …
Persistent link: https://www.econbiz.de/10009150635
We study the impact of heterogeneous saving behavior on the distributional effects of public investment. A capital tax is levied to finance productive public capital in an economy with two types of households: high income households who save dynastically and middle income households who save for...
Persistent link: https://www.econbiz.de/10010754656
The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a ‘full’ Generalized Least...
Persistent link: https://www.econbiz.de/10005765937
The government’s choices of the corporate tax rate and public investment are interdependent. In particular, they both respond positively to the other. Therefore, international tax competition not only drives corporate tax rates to lower levels but might also affect negatively the stock of...
Persistent link: https://www.econbiz.de/10005196285
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10010877730
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt. We use a multi-period overlapping generations model with a PAYG pension pillar, a funded pension pillar and a government. Shocks are smoothed via the public debt and variations...
Persistent link: https://www.econbiz.de/10010877853
prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the …
Persistent link: https://www.econbiz.de/10010877871
We present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …
Persistent link: https://www.econbiz.de/10010877926
internal debt, a number of developing countries do not. In this paper, we analyze the effect on FDI and host country welfare of … limits facilitates more aggressive transfer pricing and results in lower host country welfare. …
Persistent link: https://www.econbiz.de/10011265255
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in … country, the domestic welfare costs of a unilateral domestic permit policy are larger than of an internationally coordinated … the post-Kyoto era since bearing the costs of foreign actionism is cheaper, in terms of welfare, than agreeing on …
Persistent link: https://www.econbiz.de/10005013953