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Does the Market Value Value-Added? Evidence from Housing Prices after a Public Release of School and Teacher Value-Added

Imberman, Scott Andrew; Lovenheim, Michael - CESifo - 2013

Value-added data are an increasingly common evaluation tool for schools and teachers. Many school districts have adopted these methods and released the results publicly. In this paper, we study the release of value-added data in Los Angeles by the Los Angeles Times newspaper to identify how...

Persistent link: https://www.econbiz.de/10010608713

City Competition for the Creative Class

Buettner, Thiess; Janeba, Eckhard - CESifo - 2013

This paper explores the conditions under which decentralization and fiscal competition lead to a policy of subsidizing cultural activities. A theoretical analysis discusses these subsidies as a form of local public good provision which makes a city more attractive to highly educated individuals....

Persistent link: https://www.econbiz.de/10010699658

Rent Taxation and its Intertemporal Welfare Effects in a Small Open Economy

Köthenbürger, Marko; Poutvaara, Panu - CESifo - 2007

Previous literature concludes that replacing wage taxation by taxes on a fixed factor or its rents benefits future generations. However, the effects of such steady-state gains on the transition generations have been left open. In this paper, we show that taxation of rents may also increase...

Persistent link: https://www.econbiz.de/10005405753

Speed 2.0 - Evaluating Access to Universal Digital Highways

Ahlfeldt, Gabriel; Koutroumpis, Pantelis; Valletti, Tommaso - CESifo - 2015

This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects …

Persistent link: https://www.econbiz.de/10011155377

Dividend Taxation and the Cost of New Share Issues

Lindhe, Tobias; Södersten, Jan - CESifo - 2014

This paper examines how the effects of dividend taxation on the cost of new equity funds depend on whether or not shareholders can recover their original equity injections without being subject to the dividend tax. We point out the alternative assumptions in the literature on this, and we...

Persistent link: https://www.econbiz.de/10010948888

Dividend Taxation, Share Repurchases and the Equity Trap

Lindhe, Tobias; Södersten, Jan - CESifo - 2009

This paper reconsiders the effects of dividend taxation. Particular attention is paid to the form of the “equity trap”, that is, the extent to which cash paid to the shareholders must be taxed as dividends. Our analysis shows that Sinn’s (1991) criticism of the well-known King and...

Persistent link: https://www.econbiz.de/10004979406

The Equity Trap, the Cost of Capital and the Firm’s Growth Path

Lindhe, Tobias; Södersten, Jan - CESifo - 2006

This paper reconsiders Sinn’s (1991) nucleus theory of the corporation by comparing two different regimes for the equity trap. In the first of these, all cash paid to the shareholders is taxed as dividends, in the second, shareholders are allowed a tax-free return of capital contributed...

Persistent link: https://www.econbiz.de/10005181510

Taxation of Shareholder Income and the Cost of Capital in a Small Open Economy

Sørensen, Peter Birch - CESifo - 2014

When companies finance their investment via the international markets for stocks and bonds, relief from domestic personal taxes on dividends and capital gains will not reduce the cost of capital. Some authors have shown that even for small domestic companies whose shares are not traded...

Persistent link: https://www.econbiz.de/10011086459

Preferences for Redistribution and Pensions. What can we Learn from Experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2010

Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences regarding redistribution and asks what this evidence...

Persistent link: https://www.econbiz.de/10008498990

Assessing the Efficiency of an Insurance Provider - A Measurement Error Approach

Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2003

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …

Persistent link: https://www.econbiz.de/10005181391