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Is Variation in Hours of Work Driven by Supply or Demand? Evidence from Finnish Manufacturing Industries

Böckerman, Petri; Jäntti, Markus - EconWPA - 2005

This paper uses panel data from 1989 to 1995 on blue-collar workers in Finnish manufacturing industries and their establishments to assess the extent to which hours of work are affected by individual or establishment characteristics - observed as well as unobserved. We argue that recent research...

Persistent link: https://www.econbiz.de/10005125720

Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

OPTIMAL PRICING AND GRANT POLICIES FOR MUSEUMS

Prieto-Rodriguez, Juan; Fernandez-Blanco, Victor - EconWPA - 2003

Considering two potential sources of income (public grants and ticket revenues),we have defined a theoretical model … optimal contract between both sides and thus to establish the optimal values of grants, ticket prices, budget and effort …

Persistent link: https://www.econbiz.de/10005408405

The Dynamic Cost of Draft

Lau, Morten; Poutvaara, Panu; Wagener, Andreas - EconWPA - 2002

arises when the government relies on forced labor rather than on income taxation to finance public expenditures. Our results … suggest that eliminating the draft could produce considerable dynamic gains, both in terms of GDP and lifetime utility …. Keywords: Conscription; Draft; Time Allocation; Distortionary Taxation; Computable General Equilibrium Models JEL Codes: H20, H …

Persistent link: https://www.econbiz.de/10005412453

On Selective Indirect Tax Reform in Developing Countries

Emran, M. Shahe; Stiglitz, Joseph E. - EconWPA - 2002

The current consensus on indirect tax reform in developing countries favors a reduction in trade taxes with an increase in VAT to raise revenue. The theoretical results on selective reform that underlie this consensus are, however, derived from partial models that ignore the existence of an...

Persistent link: https://www.econbiz.de/10005062581

ECONOMIC / ENVIRONMENTAL SYSTEM INTERACTION

Vildosola, Luis - EconWPA - 2003

This work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship...

Persistent link: https://www.econbiz.de/10005062749

Trade Taxes Are Expensive

Erbil, Can - EconWPA - 2004

This paper examines the welfare implications of trade reforms in the presence of a government budget constraint. There …

Persistent link: https://www.econbiz.de/10005556490

Machiavellian Taxation? The political economy of public service financing

Bel, Germa; Miralles, Antonio - EconWPA - 2004

In this paper, we develop a simple theoretical model in order to explain how politicians choose between progressive and regressive tax schemes that serve to afford some local service production costs. It consists of a bipartisan model in which each party’s preferences are lexicographic, giving...

Persistent link: https://www.econbiz.de/10005556943

Fiscal Policy and Economic Activity: U.S. Evidence

Arin, K Peren; Koray, Faik - EconWPA - 2005

We investigate the dynamic effects of five different fiscal shocks on the US economy using a structural vector autoregressive (SVAR) model that uses Blanchard-Quah type restrictions. We find that an increase in indirect taxes or in corporate taxes has a contractionary effect on the economy,...

Persistent link: https://www.econbiz.de/10005561334

Price-neutral Tax Reform With an Informal Economy

Emran, M. Shahe; Stiglitz, Joseph E. - EconWPA - 2004

A strand of recent literature shows that a reform of import tariff (export tax) and consumption tax (production tax) that keeps the consumer (producer) price unchanged enhances welfare and increases revenue under plausible conditions. It has been argued that the results provide an ex-post...

Persistent link: https://www.econbiz.de/10005125866