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labor income in the face of business-cycle shocks. However, if households do optimize at the participation margin, then tax …
Persistent link: https://www.econbiz.de/10005368229
investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this … significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are …
Persistent link: https://www.econbiz.de/10005372534
Theories of fiscal illusion and political competition have different implications for (i) the causal relationships between taxes and spending, and (ii) government size. These are tested using data from u.s. states from 1950 to 1990. We find evidence that greater political competition generally...
Persistent link: https://www.econbiz.de/10005372562
his lifetime. Second, the government is allowed to tax accidental bequests at a separate rate from ordinary capital income …
Persistent link: https://www.econbiz.de/10009395279
create a motive for the government to use age-dependent labor income taxes. If the government cannot condition taxes on age …
Persistent link: https://www.econbiz.de/10009421363
, empirically implementable formulas for the incidence and efficiency costs of taxation that account for salience effects as well as …
Persistent link: https://www.econbiz.de/10004965414
is not the existence of a tax on interest income (as argued in the literature on this subject) but instead the implicit … assumption that capital gains are taxed as if they were interest income. Second, the paper attempts to clarify the conditions …)--the proposition that in a world in which interest income is taxed, both purchasing power parity and equalization of real after …
Persistent link: https://www.econbiz.de/10005712659
The informal sector, which produces legal goods but does not comply with government regulations, is a functioning part of all economies, with a proportion of the labor force ranging from 17 percent in OECD countries to 60 percent in developing countries. Using a dynamic model that includes an...
Persistent link: https://www.econbiz.de/10005712671
A growing body of work--both theoretical and empirical--has emphasized that unionization may be better understood as a tax on capital rather than a tax on labor. Under this "new" view, unionization unambiguously lowers investment. Using data on union certification elections, we estimate the...
Persistent link: https://www.econbiz.de/10005720975
Criticisms of endogenous growth models with flat rate taxes have highlighted two features that are not substantiated by the data. These models generally imply: (1) that economic growth must fall with the share of government expenditures in output across countries, and (2) that one-time shifts in...
Persistent link: https://www.econbiz.de/10005721025