Showing 1 - 10 of 194
A planner sets a lump sum transfer and a linear tax on labor income in an economy with incomplete markets, heterogeneous agents, and aggregate shocks. The planner's concerns about redistribution impart a welfare cost to fluctuating transfers. The distribution of net asset holdings across agents...
Persistent link: https://www.econbiz.de/10012459192
It is widely believed that the presence of a large informal sector increases the efficiency cost of social programs - transfer and social insurance programs - in developing countries. We evaluate such claims for policies that have been heavily studied in countries with low informality -...
Persistent link: https://www.econbiz.de/10012456071
The Department of Homeland Security estimates that 11.4 million undocumented persons reside in the United States. Congress and President Obama are considering a number of proposals to regularize the status of the undocumented population and provide a "path to citizenship." Any future change in...
Persistent link: https://www.econbiz.de/10012456572
How has globalization affected the relative taxation of labor and capital, and why? To address this question we build and analyze a new database of effective macroeconomic tax rates covering 150 countries since 1965, constructed by combining national accounts data with government revenue...
Persistent link: https://www.econbiz.de/10013172119
Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with certainty. The purpose of this paper is to analyze optimal taxation when workers have imperfect information about their wages at the time they choose their labor supplies. Both...
Persistent link: https://www.econbiz.de/10012478760
This paper reviews recent advances in the study of dynamic taxation, considering three main approaches: the dynamic Mirrlees, the parametric Ramsey, and the sufficient statistics approaches. In the first approach, agents' heterogeneous abilities to earn income are private information and evolve...
Persistent link: https://www.econbiz.de/10012479228
We document the time-series of employment rates and hours worked per employed by married couples in the US and seven European countries (Belgium, France, Germany, Italy, the Netherlands, Portugal, and the UK) from the early 1980s through 2016. Relying on a model of joint household labor supply...
Persistent link: https://www.econbiz.de/10012480648
Moonlighting is increasingly popular in OECD countries, with 5 to 10% of workers holding two or more jobs. However …, little is known about the responsiveness of moonlighting to financial incentives due to the lack of identifying variation … marginal tax rate by between 19.5 to 66pp. I show that the reform resulted in a dramatic increase in moonlighting that was not …
Persistent link: https://www.econbiz.de/10012481274
the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real …
Persistent link: https://www.econbiz.de/10012462971
How can price elasticities be identified when agents face optimization frictions such as adjustment costs or inattention? I derive bounds on structural price elasticities that are a function of the observed effect of a price change on demand, the size of the price change, and the degree of...
Persistent link: https://www.econbiz.de/10012463033