Similar Search Results

Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? Deutschland im Vergleich mit der EU und den USA

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009

Europäischen Union und in den USA in der aktuellen Wirtschaftskrise. Dazu werden zwei Szenarien simuliert: erstens ein … absorbiert werden, verglichen mit 32 % in den USA. Im Fall des Beschäftigungsschocks ist der Unterschied zwischen Europa und den … USA deutlich größer: 48 % in der EU und lediglich 34 % in den USA. Unter der Annahme, dass nur die Nachfrage …

Persistent link: https://www.econbiz.de/10008550505

Automatic Stabilizers and Economic Crisis: US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2009

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Persistent link: https://www.econbiz.de/10005015490

Automatic Stabilizers, Economic Crisis and Income Distribution in Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010

This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...

Persistent link: https://www.econbiz.de/10008506088

Social Protection as an Automatic Stabilizer

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2010

This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...

Persistent link: https://www.econbiz.de/10008680887

Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound

Bredemeier, Christian; Juessen, Falko; Schabert, Andreas - Institute for the Study of Labor (IZA) - 2015

This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...

Persistent link: https://www.econbiz.de/10011265653

Inflation Persistence and the Phillips Curve Revisited

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...

Persistent link: https://www.econbiz.de/10005703349

Employment Dynamics and Redistributive Policies under Workers' Social Norms

Dos Santos Ferreira, Rodolphe; Lloyd-Braga, Teresa; … - Institute for the Study of Labor (IZA) - 2014

We study employment dynamics using an OLG model with unemployment benefits and universal old-age survival pensions, both financed by taxing employed workers. The novelty is that we explicitly introduce workers' social norms that shape both the individual participation decision of workers and...

Persistent link: https://www.econbiz.de/10010884212

Sufficient Statistic or Not? The Elasticity of Taxable Income in the Presence of Deduction Possibilities

Doerrenberg, Philipp; Peichl, Andreas; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2014

The elasticity of taxable income (ETI) is often interpreted as a sufficient statistic to assess the welfare costs of taxation. Building on the conceptual framework of Chetty (2009), we show that this assertion does no longer hold for tax systems with deduction possibilities if (i) deductions...

Persistent link: https://www.econbiz.de/10010990918

Complex Tax Incentives: An Experimental Investigation

Abeler, Johannes; Jäger, Simon - Institute for the Study of Labor (IZA) - 2013

How does the tax system's complexity affect people's reaction to tax changes? To answer this question, we conduct a real-effort experiment in which subjects receive a piece rate and face a set of taxes. In one treatment the tax system is simple; in the other treatment it is highly complex. The...

Persistent link: https://www.econbiz.de/10010884214

Steady-State Labor Supply Elasticities: A Survey

Bargain, Olivier; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2013

Previous reviews of static labor supply estimations concentrate mainly on the evidence from the 1980s and 1990s, Anglo-Saxon countries and early generations of labor supply modeling. This paper provides a fresh characterization of steady-state labor supply elasticities for Western Europe and the...

Persistent link: https://www.econbiz.de/10010884275

1
2
3
4
5
6
7
8
9
10
Next
Last