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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
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
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
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