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Understanding productivity: lessons from longitudinal microdata
Bartelsman, Eric J.; Doms, Mark - Federal Reserve Board (Board of Governors of the … - 2000
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors … behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the … persistence of productivity differentials, the consequences of entry and exit, and the contribution of resource reallocation …
Persistent link: https://www.econbiz.de/10005394167
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Income tax refunds and the timing of consumption expenditure
Wilcox, David W. - Federal Reserve Board (Board of Governors of the … - 1990
Persistent link: https://www.econbiz.de/10005427807
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Equilibrium in a production economy with an income tax
II, Wilbur John Coleman - Federal Reserve Board (Board of Governors of the … - 1989
A state-dependent income tax is incorporated into an intertemporal production economy. Methods are developed for establishing the existence and uniqueness of an equilibrium, and for explicitly constructing this equilibrium. Some tax-policy experiments are suggested, the results of which may have...
Persistent link: https://www.econbiz.de/10005372541
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Welfare effects of tax policy in open economies: stabilization and cooperation
Kim, Jinill; Kim, Sunghyun Henry - Federal Reserve Board (Board of Governors of the … - 2003
This paper studies an international tax policy design problem by employing a two-country dynamic general equilibrium model with incomplete asset markets. We investigate the possibility of welfare improving active tax policies, in particular capital and labor income tax, under the non-cooperative...
Persistent link: https://www.econbiz.de/10005393623
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Does tax policy affect executive compensation? evidence from postwar tax reforms
Frydman, Carola; Molloy, Raven S. - Federal Reserve Board (Board of Governors of the … - 2009
Evidence since the 1980s suggests that the level and structure of executive compensation in U.S. public corporations are largely unresponsive to tax incentives. However, the relative tax advantage of different forms of pay has been relatively small during this period. Using a sample of top...
Persistent link: https://www.econbiz.de/10004973925
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Income taxes, compensating differentials, and occupational choice: how taxes distort the wage-amenity decision
Shan, Hui; Powell, David - Federal Reserve Board (Board of Governors of the … - 2010
The link between taxes and occupational choices is central for understanding the welfare impacts of income taxes. Just as taxes distort the labor-leisure decision, they also distort the wage-amenity decision. Yet, there are no estimates of the full response on this margin. When tax rates...
Persistent link: https://www.econbiz.de/10008498957
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The housing crisis and state and local government tax revenue: five channels
Lutz, Byron; Molloy, Raven; Shan, Hui - Federal Reserve Board (Board of Governors of the … - 2010
State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. We identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax...
Persistent link: https://www.econbiz.de/10008679721
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Empirical evidence on human capital spillovers
Rudd, Jeremy - Federal Reserve Board (Board of Governors of the … - 2000
This paper examines whether the average level of human capital in a region affects the earnings of an individual residing in that region in a manner that is external to the individual's own human capital. I find little evidence of an external effect of human capital, which suggests that human...
Persistent link: https://www.econbiz.de/10005514123
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Human capital accumulation, fertility and growth: a re-analysis
Iyigun, Murat F. - Federal Reserve Board (Board of Governors of the … - 1995
rate of return on human capital investment. As a result, individuals choose to allocate more time to education and less to …
Persistent link: https://www.econbiz.de/10005498881
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Do low human capital coefficients make sense? A puzzle and some answers
Judson, Ruth - Federal Reserve Board (Board of Governors of the … - 1996
I develop a new measure of human capital stock that has two advantages over previous measures. First, it allows for varying costs of education across time, countries, and level of education. Second, the unit of measurement is dollars, which allows comparison of human capital stocks with other...
Persistent link: https://www.econbiz.de/10005393706