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The Distributional Impacts of a VMT-Gas Tax Swap
Metcalf, Gilbert E. - National Bureau of Economic Research - 2022
More stringent fuel economy standards and increased market penetration of electric vehicles (EVs) present challenges to federal policy makers who historically have relied on motor vehicle fuel excise taxes to fund highway projects. This paper considers the distributional implications of a...
Persistent link: https://www.econbiz.de/10013334348
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The microWELT-US microsimulation model for projections of the US labour force participation accounting for education and health : technical report
Amann, Johannes; Böheim, René; Horvath, Gerard Thomas; … - Österreichisches Institut für Wirtschaftsforschung - 2021
This technical report presents the dynamic microsimulation model microWELT-US developed for US labour force projections … accounting for education and health. microWELT-US is the adaptation of an existing microsimulation model for Europe. The … microsimulation model supports a comparative analysis of the effect of socio-demographic change on future labour force participation …
Persistent link: https://www.econbiz.de/10012806588
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The Impact of Health and Education on Labor Force Participation in Aging Societies – Projections for the United States and Germany from a Dynamic Microsimulation
Böheim, René; Horvath, Gerard Thomas; Leoni, Thomas; … - National Bureau of Economic Research - 2021
Using a highly stylized dynamic microsimulation model, we project the labor force of the United States up to the year …. This has strong implications for their labor force developments. According to our microsimulation, the US labor force will …
Persistent link: https://www.econbiz.de/10012794562
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Forecasting Trends in Disability in a Super-Aging Society : Adapting the Future Elderly Model to Japan
Chen, Brian K. - 2016
Model (FEM), a demographic and economic state-transition microsimulation model that projects the health conditions and … simulation suggests that by 2040, over 27 percent of Japan's elderly will exhibit 3 or more limitations in IADLs and social …
Persistent link: https://www.econbiz.de/10012456802
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Does the Tax System Favor Investment in High-Tech or Smoke-Stack Industries?
Fullerton, Don - 1985
When tax rates vary by asset, a "hidden" industrial policy may aid industries that invest in a certain mix of assets. In this paper, we examine whether differential use of depreciable assets gives rise to differential tax treatment of high technology industries relative to other industries....
Persistent link: https://www.econbiz.de/10012477482
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Addressing Climate Change through Price and Non-Price Interventions
Stiglitz, Joseph E. - 2019
Recognizing the importance of the second-best nature of economies, the Stern-Stiglitz report on carbon pricing departed from the recommendation of a single carbon price for all uses at all places and times. This paper provides some of the analytics behind these recommendations. First, I analyze...
Persistent link: https://www.econbiz.de/10012479889
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Why are Average Hours Worked Lower in Richer Countries?
Bick, Alexander - 2019
Why are average hours worked per adult lower in rich countries than in poor countries? Two natural candidates to consider are income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012480498
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How Should Tax Progressivity Respond to Rising Income Inequality?
Heathcote, Jonathan - 2020
We address this question in a heterogeneous-agent incomplete-markets model featuring exogenous idiosyncratic risk, endogenous skill investment, and flexible labor supply. The tax and transfer schedule is restricted to be log-linear in income, a good description of the US system. Rising...
Persistent link: https://www.econbiz.de/10012482226
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Redistributing the Gains From Trade Through Progressive Taxation
Lyon, Spencer G. - 2018
Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of a progressive tax system? We answer these question within a standard incomplete markets model with frictional labor markets and Ricardian trade. Consistent with empirical...
Persistent link: https://www.econbiz.de/10012452938
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The Right Type of Legislator : A Theory of Taxation and Representation
Mattozzi, Andrea - 2018
We develop a theory of taxation and the distribution of government spending in a citizen-candidate model of legislatures. Individuals are heterogeneous in two dimensions: productive ability in the private sector and negotiating ability in politics. When these are positively correlated, rich...
Persistent link: https://www.econbiz.de/10012453435