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expectations, a structural labor demand model, and a tax-benefit microsimulation model. Our findings show that as of September 2020 …. However, the tax benefit system and discretionary policy responses to the crisis act as important income stabilizers, since …
Persistent link: https://www.econbiz.de/10012425654
for redistribution. We leverage a quasi-experiment in Finland, where every year on the so-called tax day, the authorities … part in the European Social Survey shortly before and after the event. We find that the tax day increases perceptions that … earnings of the top 10% are unfair, but that public support for redistribution remains largely unaffected. A notable exception …
Persistent link: https://www.econbiz.de/10014551561
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth …. The estimated hypothetical wage distribution without the wealth tax is more unequal. Moreover, suggestive evidence …
Persistent link: https://www.econbiz.de/10012657880
This paper presents the properties of optimal piecewise linear tax systems for two-earner households, based on joint …
Persistent link: https://www.econbiz.de/10010328732
. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income-tax … distortions of labor supply, thereby raising welfare. In the calibrated model, the optimal robot tax for the US is positive and … generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …
Persistent link: https://www.econbiz.de/10011932067
This paper analyses optimal piecewise linear tax systems for two-earner households, based on joint and individual …
Persistent link: https://www.econbiz.de/10011451458
household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that …
Persistent link: https://www.econbiz.de/10012269448
We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the probability of late housing and bill payments by 30% and 9%, respectively. The effects exist for individuals who rent their home, but not mortgagees who can mitigate financial distress...
Persistent link: https://www.econbiz.de/10012657991
estimate an event study model to identify the dynamic effects of reforms to top wealth tax rates on the subsequent evolution of … wealth concentration. Our results imply that a reduction in the top marginal wealth tax rate by 0.1 percentage points in …-creases the top 1% (0.1%) wealth share by 0.9 (1.2) percentage points five years after the reform. This suggests that wealth tax …
Persistent link: https://www.econbiz.de/10014290227
data sources from the Swedish Tax Agency's tax register, which provides real-time information on firm sales and employees … drastic economic recession. Excise tax revenue analysis reveals a decline in industrial electricity and air travel tax … revenues, but a rise in alcohol tax revenue. The hospitality industry experienced significant negative effects, with drops in …
Persistent link: https://www.econbiz.de/10014377521