growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by reaping … yet avoids increasing tax rates. With slow consolidation, marginal tax rates are reduced right from the beginning. …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

We characterize the second-best allocation in a Mirrleesian optimal tax model where agents differ in multiple … dimensions and the planner can tax multiple goods non-linearly. We develop a new method that allows us to solve the partial … properties of the optimum. First, the optimal tax system is described by a multidimensional version of Diamond’s (1998) and Saez …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations … tax system. However, this tax system is often undesirable since it severely restricts the choice space of agents in the …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations … one tax system. However, this tax system is often undesirable since it severely restricts the choice space of agents in …

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 …

. Despite broadening the tax base only the income distribution's top decile benefits from the proposed flat tax rate. Due to …In this contribution we analyze Paul Kirchhof's income tax policy proposal with regard to conflicting goals of tax … revenue, distributional effects and efficiency considerations. While effects on labor supply are moderate, the tax policy …

-level approach. We combine a microsimulation model with labour market transition techniques to simulate the COVID-19 shock on the …

from approximately 0.7 in 1997 to under 0.3 in 2019. We further demonstrate how a simulation procedure based on the labor … the sociodemographic composition of the population, changes in preferences and labor market options, wage changes, and tax …

the development in effective marginal tax rates and participation tax rates, and estimates, using the difference …-in-differences method, the impact of tax incentives on employment rates of elderly workers. After this background, we ponder possibilities … for reforming the Swedish tax system to improve its labour market impacts. We suggest better targeting the earned income …