Showing 1 - 10 of 17
With fixed costs of developing technology, taxes can generate large efficiency costs by slowing the rate of diffusion … taxes would have had on broadband Internet access at an early stage of its diffusion around the country, combining data on … costs of entering new markets, taxes would have also delayed entry in several markets. In these places, the lost consumer …
Persistent link: https://www.econbiz.de/10012466676
This paper develops a perfect foresight general equilibrium simulation model of life cycle savings that may be used to investigate the potential impact of a wide range of government policies on national savings and economic welfare. The model can provide quantitative answers to a number of...
Persistent link: https://www.econbiz.de/10012478386
States, focusing on policies in social insurance, education and job training, taxes and cash transfers, and in-kind transfers … expenditures through additional taxes collected and reduced transfers. We find large MVPFs for education and health policies …
Persistent link: https://www.econbiz.de/10012480090
Oates reminds us that tax competition among localities in the presence of capital mobility, may lead to inefficiently low tax rates (and benefits). In contrast, the Tiebout paradigm suggests that tax competition yields an efficient outcome, so that there are no gains from tax coordination. This...
Persistent link: https://www.econbiz.de/10012461987
to predictable changes in income (and family circumstances), and insurance value, which occurs when taxes and transfers … taxes over a 10-year period. We model state taxes (personal income taxes, the EITC, and sales taxes) and state means …
Persistent link: https://www.econbiz.de/10012462377
This paper analyzes prudential controls on capital flows to emerging markets from the perspective of a Pigouvian tax that addresses externalities associated with the deleveraging cycle. It presents a model in which restricting capital inflows during boom times reduces the potential outflows...
Persistent link: https://www.econbiz.de/10012462724
This paper derives empirically implementable formulas for the incidence and efficiency costs of taxation that account for tax salience effects as well as other optimization errors. Contrary to conventional wisdom, the formulas imply that the economic incidence of a tax depends on its statutory...
Persistent link: https://www.econbiz.de/10012463403
marginal taxes on aggregate activity. This contingency permits the government to control the reaction of equilibrium to …
Persistent link: https://www.econbiz.de/10012465056
depends on the demand and supply for such protection. Recognizing that taxes on wage income are also evaded, we solve for the …
Persistent link: https://www.econbiz.de/10012466443
This paper presents a dynamic political economy theory of public spending, taxation and debt. Policy choices are made by a legislature consisting of representatives elected by geographically-defined districts. The legislature can raise revenues via a distortionary income tax and by borrowing....
Persistent link: https://www.econbiz.de/10012466568