Showing 1 - 8 of 8
household. General equilibrium simulation results indicate that inflation does not necessarily increase total owner housing. Top …
Persistent link: https://www.econbiz.de/10012476231
We study the distributional effects of a pollution tax in general equilibrium, with general forms of substitution where pollution might be a relative complement or substitute for labor or for capital in production. We find closed form solutions for pollution, output prices, and factor prices....
Persistent link: https://www.econbiz.de/10012467372
We assess the concentration and duration of zero tax liabilities and of transfer receipts, using data for households with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly concentrated. Nearly 68% owe no federal tax in at least one...
Persistent link: https://www.econbiz.de/10012456099
Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...
Persistent link: https://www.econbiz.de/10012938752
countries are attributed to differences in rates of inflation, actual depreciation,tax parameters, or differences in the amount … of capital in each combination.For each country,we plot the effect of inflation on overall tax rates, and we plot the … distribution of different effective tax rates at a given rate of inflation. We further investigate the sensitivity of results to …
Persistent link: https://www.econbiz.de/10012478030
This working paper presents Chapter 2 of a book that has been submitted to the University of Chicago Press for publication consideration. The point of the book is to compare taxes on income from capital infour countries,accounting for corporate, personal, and property taxes, and including...
Persistent link: https://www.econbiz.de/10012478045
This paper examines the welfare consequences of changing the current U.S. income tax system to a progressive consumption tax. We compute a sequence of single period equilibria in which savings decisions depend on the expected future return to capital. In the presence of existing income taxes,...
Persistent link: https://www.econbiz.de/10012478216
Persistent link: https://www.econbiz.de/10013480729