Showing 1 - 8 of 8
This paper analyses the importance of fiscal mechanisms for regional risk sharing and redistribution in Switzerland …
Persistent link: https://www.econbiz.de/10011815795
This study examines how tax system design and reform affect labor supply. We conduct an online experiment with 522 … participants to assess labor responses to tax reforms that introduce or remove a notch, affecting after-tax income at either the … lower or upper end of the income distribution. Our findings indicate asymmetric responses to tax reform as well as …
Persistent link: https://www.econbiz.de/10015097000
We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay for their sovereign bond emissions. For this purpose we analyse financial market data from 288 tradable cantonal bonds in the period from 1981 to 2007. Our main focus is on two...
Persistent link: https://www.econbiz.de/10010293905
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal transfers to municipal governments under this type of...
Persistent link: https://www.econbiz.de/10012314867
To make the no-bailout clause credible and enhance the effectiveness of crisis assistance, a consistent institutional and legal framework is needed to ensure that private creditors contribute to crisis resolution. Getting activated as part of ESM crisis assistance, we propose a two-stage...
Persistent link: https://www.econbiz.de/10011522538
The zero lower bound era introduced a new perspective on the functionality of fiscal rules. With such low interest rates, the argument goes, extending debt financed public investment spending would be reasonable and thus existing fiscal rules too restrictive. Using data of Swiss cantonal public...
Persistent link: https://www.econbiz.de/10015097100
. Fiscal competition is associated with less income redistribution and a less equal distribution of disposable incomes, but …
Persistent link: https://www.econbiz.de/10010323017
concentration in pre- and after-tax income without additional redistribution via progressive taxes. It is, however, crucial to …This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically … setting in Switzerland to study the issue empirically. According to our findings tax decentralization tends to reduce …
Persistent link: https://www.econbiz.de/10011957223