Showing 1 - 10 of 284
This paper reconsiders the classical problem of majority voting over tax schedules, adding the possibility to avoid taxes. In this setting preferences over tax schedules are not determined by earned income, but rather by taxable income, which depends on the joint decisions of labor supply and...
Persistent link: https://www.econbiz.de/10001760554
Persistent link: https://www.econbiz.de/10000940394
This paper examines the implications of income redistribution on human capital accumulation and income inequality … intellectual ability. It is shown that the impact of redistribution is ambiguous on the income distribution as well as on human … equity in low-tax societies, it may be highly detrimental in both respects if the rate of redistribution is already moderate …
Persistent link: https://www.econbiz.de/10001753212
The central bank's optimal objective function is analyzed in a small open economy model allowing for incomplete exchange rate pass-through. The results indicate that social welfare can only be marginally improved by including an explicit exchange-rate term in the delegated objective function,...
Persistent link: https://www.econbiz.de/10001622448
The performance of various monetary rules is investigated in an open economy with incomplete exchange rate pass-through. Implementing monetary policy through an exchange-rate augmented policy rule does not improve social welfare compared to using an optimized Taylor rule, irrespective of the...
Persistent link: https://www.econbiz.de/10001622452
Persistent link: https://www.econbiz.de/10000991710
, that increases in the rate of interregional redistribution need not generate neither reduced interregional inequality nor … particular, interregional redistribution seems most likely to be beneficial in terms of interregional and interpersonal equity as …. -- interregional redistribution ; welfare ; inequality …
Persistent link: https://www.econbiz.de/10001753219
Persistent link: https://www.econbiz.de/10000991705
Persistent link: https://www.econbiz.de/10000885969