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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
-level approach. We combine a microsimulation model with labour market transition techniques to simulate the COVID-19 shock on the …
Persistent link: https://www.econbiz.de/10012582135
We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly … counteract the deflationary forces during the recession. Moreover, redistribution produces a Pareto improvement under the fiscal …
Persistent link: https://www.econbiz.de/10012425685
wages, assume that a higher employee-borne tax burden reduces effort. In turn, this raises a firm's production costs and … reduces efficiency. Accordingly, we show that a higher employee-borne income tax negatively influences a multinational …'s profit by reducing manager effort. Furthermore, we compile data on personal income tax profiles for 49 economies and the year …
Persistent link: https://www.econbiz.de/10010264367
personal income tax profiles for 49 economies and the year 2002. In particular, we determine the component of labor taxes which …, we calculate the progressivity of personal income tax rates between the average wage and five times the average wage …. This may be interpreted as the tax progression which is relevant for well-paid workers. Then, we use the personal income …
Persistent link: https://www.econbiz.de/10010264487
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
saving programme rather than as a tax-and-transfer system, thereby raising labour force participation rates but also …
Persistent link: https://www.econbiz.de/10010261332
In this paper we analyze how the availability of credit influences the relationship between government size as a proxy for fiscal stabilization policy and the amplitude of business cycle fluctuations in a sample of advanced OECD countries. Interpreting relatively low loan-tovalue ratios as an...
Persistent link: https://www.econbiz.de/10010294478
-material values over material things. We incorporate this notion into a simple tax model for a small open economy. We show that a … postmaterialism are developed from the World Values Surveys. Their impact on the tax mix is highly significant and goes into the …
Persistent link: https://www.econbiz.de/10010264412
We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based on SUR systems and Wald tests with country specific...
Persistent link: https://www.econbiz.de/10010264585