, we find that making tax incentives with respect to research effort more generous is the least costly way, in terms of the … impact on the government budget, to promote economic growth. It is almost three times as cost effective as lowering the tax … rate on capital income. When non-distorting financing options are excluded, adjusting the consumption tax to finance more …

motives for saving behavior. Using data from the HRS and the CPS in the 1980s and 1990s, we find that higher tax rates on cash …-outs increase rollovers. Controlling for the overall effective tax rate, structuring the tax as a “penalty” or adding withholding … employees who do not make their own choice significantly reduces the effects of higher tax rates but boosts the impact of …

shifts in labor market participation that can be observed if agents work for more than one period.Optimal saving and labor …

This paper develops a model of search on the labour market with training. The model reveals how the tax system can … that (i) a marginal wage tax is less distortionary to raise revenue than is an average tax per job, provided that training …. Hence, tax reforms that reduce the average tax per job and raise the marginal wage tax, such as an EITC or a negative income …