Showing 1 - 10 of 92
of the current welfare state systems - where welfare services are financed predominantly out of general taxes - people … the existing array of taxes, and another system in which the public-sector expenditures on welfare services are financed … accounts, but these redistributions would be constrained to be of the balanced-budget variety: total (economy-wide) taxes on …
Persistent link: https://www.econbiz.de/10010955894
In Germany persons who receive public assistance (Sozialhilfe) may keep only a small part of income from employment above a certain amount. This means that for some persons living on welfare the economic incentives to look for employment are rather weak. This working paper discusses different...
Persistent link: https://www.econbiz.de/10009276151
Estonia is widely regarded as a paramount example for a successful transformation of a socialist economic system to a functioning market economy. Against the backdrop of this positive image which contrasts strongly with the crisis scenarios in Southern Europe the remaining problems of Estonia...
Persistent link: https://www.econbiz.de/10010887008
This paper examines five problems with the inflation indexing procedures used by the Social Security Administration of the United States in taking inflation into account when calculating Old Age and Survivors Insurance (OASI) Benefits. Because of Problem #1, the commingling of unindexed with...
Persistent link: https://www.econbiz.de/10005083404
response to debt, while authorities seem reluctant to adjust transfers. As expected, taxes are highly procyclical; purchases … using a multivariate Fiscal Taylor Rule. Adjustments to taxes and purchases both account for a large portion of the fiscal … are acyclical; and transfers are countercyclical. Neither pattern has changed much over time, except that adjustment …
Persistent link: https://www.econbiz.de/10009149137
countercyclical transfer payments. Consolidation in response to the debt has come primarily through adjustments to taxes and possibly …
Persistent link: https://www.econbiz.de/10010956104
This paper provides a set of detailed estimated fiscal reaction functions for a panel of twenty industrialized countries, and it discusses commonalities and differences with regard to systematic fiscal policies across countries. In general, the countries in the panel adjust tax revenues strongly...
Persistent link: https://www.econbiz.de/10010886930
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10009294882
In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer...
Persistent link: https://www.econbiz.de/10010983169
This paper aims to assess the relationship among fiscal variables (net lending, government expenditure and revenue) and economic growth in Sub-Saharan African countries. Using yearly data for the period between 1980 and 2011 in 15 ECOWAS countries, a weak long-run relationship between government...
Persistent link: https://www.econbiz.de/10010956037