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Policies to Create and Destroy Human Capital in Europe
Heckman, James J.; Jacobs, Bas - National Bureau of Economic Research (NBER) - 2010
workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of … distortionary and inequitable. Actuarially fairer early retirement and pension schemes reduce the incentives to retire early and … strengthen incentives for human capital investment by increasing the time-horizon over which returns to human capital are …
Persistent link: https://www.econbiz.de/10008625916
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Employee Stock Purchase Plans
Madrian, Brigitte C.; Engelhardt, Gary V. - National Bureau of Economic Research (NBER) - 2004
Employee stock purchase plans (ESPPs) are designed to promote employee stock ownership broadly within the firm and provide another tax-deferred vehicle for individual capital accumulation in addition to traditional pensions, 401(k)s, and stock options. We outline the individual and corporate tax...
Persistent link: https://www.econbiz.de/10005710488
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Labor Market Effects of Payroll Taxes in Developing Countries: Evidence from Colombia
Kugler, Maurice; Kugler, Adriana - National Bureau of Economic Research (NBER) - 2008
We use a panel of manufacturing plants from Colombia to analyze how the rise in payroll tax rates over the 1980s and 1990s affected the labor market. Our estimates indicate that formal wages fall by between 1.4% and 2.3% as a result of a 10% rise in payroll taxes. This "less-than-full-shifting"...
Persistent link: https://www.econbiz.de/10005714454
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Tax Rates and Work Incentives in the Social Security Disability Insurance Program: Current Law and Alternative Reforms
Hoynes, Hilary Williamson; Moffitt, Robert - National Bureau of Economic Research (NBER) - 1997
made for lowering the tax rate further and for providing various additional financial work incentives. We use the basic … simulation that shows the magnitude of the monetary incentives provided by the reforms for different categories of individuals …
Persistent link: https://www.econbiz.de/10005777933
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Employee Decisions with Respect to 401(k) Plans: Evidence From Individual-Level Data
Poterba, James; Wilcox, David W.; Kusko, Andrea L. - National Bureau of Economic Research (NBER) - 1994
401(k) plans have been the most rapidly growing type of employer- provided pension plan during the last decade. This paper utilizes employee-level data from the 401(k) plan at a medium-sized U.S. manufacturing firm to analyze the participation and contribution decisions of workers eligible for...
Persistent link: https://www.econbiz.de/10005778463
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Income Inequality in the United States, 1913-1998 (series updated to 2000 available)
Piketty, Thomas; Saez, Emmanuel - National Bureau of Economic Research (NBER) - 2001
This paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the US using individual tax returns data. Top income and wages shares display a U-shaped pattern over the century. Our series suggest that the 'technical change' view of inequality dynamics cannot...
Persistent link: https://www.econbiz.de/10005575651
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A Theory of Income Taxation under Multidimensional Skill Heterogeneity
Rothschild, Casey; Scheuer, Florian - National Bureau of Economic Research (NBER) - 2014
We develop a unifying framework for optimal income taxation in multi-sector economies with general patterns of externalities. Agents in this model are characterized by an N-dimensional skill vector corresponding to intrinsic abilities in N potentially externality-causing activities. The private...
Persistent link: https://www.econbiz.de/10010821918
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A "Second Opinion" on the Economic Health of the American Middle Class
Burkhauser, Richard V.; Simon, Kosali Ilayperuma; … - National Bureau of Economic Research (NBER) - 2011
Researchers considering levels and trends in the resources available to the middle class traditionally measure the pre-tax cash income of either tax units or households. In this paper, we demonstrate that this choice carries significant implications for assessing income trends. Focusing on tax...
Persistent link: https://www.econbiz.de/10009147842
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Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms
Serrato, Juan Carlos Suárez; Zidar, Owen - National Bureau of Economic Research (NBER) - 2014
This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...
Persistent link: https://www.econbiz.de/10011082677
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Entrepreneurial Taxation with Endogenous Entry
Scheuer, Florian - National Bureau of Economic Research (NBER) - 2013
This paper analyzes Pareto optimal non-linear taxation of profits and labor income in a private information economy with endogenous firm formation. Individuals differ in both their skill and their cost of setting up a firm, and choose between becoming workers and entrepreneurs. I show that a tax...
Persistent link: https://www.econbiz.de/10010785586