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their income, finding, for instance, an effective tax rate of only 38.1% for the 0.001% fractile of German income taxpayers … in 2001. This result contrasts sharply with the legislated top marginal income tax rate of 48.5%. We subject the results … important distributional result, the CNTR increases with increasing taxable income. …
Persistent link: https://www.econbiz.de/10005094355
Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...
Persistent link: https://www.econbiz.de/10009224868
-being on health use identification strategies involving income increases; these studies as well as prior research on stock …
Persistent link: https://www.econbiz.de/10010877960
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...
Persistent link: https://www.econbiz.de/10005094186
attention in the literature on optimal income taxation. This paper offers a simple and transparent analysis of its main …
Persistent link: https://www.econbiz.de/10005181304
We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we … estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous … univariate approaches, we consider income and life expectancy jointly and estimate their bivariate global distribution for 137 …
Persistent link: https://www.econbiz.de/10005196304
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010595387
. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …
Persistent link: https://www.econbiz.de/10009324089
In this paper we present simulations of economic performance of the Polish economy based on a quarterly econometric model. The model consists of 22 stochastic equations, which link the financial market with the real economy. The purpose of the research is to present effects of changes to...
Persistent link: https://www.econbiz.de/10005766248
impact of factor substitution and income distribution on economic growth. We can show that this impact relies on both an … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …
Persistent link: https://www.econbiz.de/10005405787