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Schuknecht, Ludger - 2019

The paper analyses the linkages from financial developments to public finances. It maps and discusses the transmission channels to fiscal variables. These channels include asset prices, financing conditions, balance sheets of banks, non-banks and central banks and international linkages. The...

Persistent link: https://www.econbiz.de/10012864940

Open Economy Public Finance

Wildasin, David E. - 2021

Many important questions in the field of public finance can be viewed as problems involving public policies in open …

Persistent link: https://www.econbiz.de/10013237225

Public Finances Solvency in the Euro Area : True or False?

Afonso, António; Coelho, Jose Carlos - 2022

We assess public finances solvency for Euro Area countries using quarterly data between 1999Q1 and 2020Q4. Through a country-by-country analysis, the answer to the title question is true. For most countries, (i) the primary budget balance reacts positively to the lagged public debt ratio and...

Persistent link: https://www.econbiz.de/10014076999

Tax Responses in Local Public Finance : The Flypaper Effect at Work

Köthenbürger, Marko; Loumeau, Gabriel - 2023

The transfer elasticity of income tax rates is an important parameter in public finance. Given the significant fiscal …

Persistent link: https://www.econbiz.de/10014358325

Public Finance in the Era of the COVID-19 Crisis

Agrawal, David R.; Butikofer, Aline - 2022

education, in addition to discussing how technological change creates new challenges for the taxation of income and consumption … crises. Finally, we summarize the key issues discussed at the 2021 International Institute of Public Finance Congress and the …

Persistent link: https://www.econbiz.de/10014243165

Education, unemployment and migration

Eggert, Wolfgang; Krieger, Tim; Meier, Volker - 2007

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

Persistent link: https://www.econbiz.de/10010264226

Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth

Richter, Wolfram F.; Braun, Christoph - 2010

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

Persistent link: https://www.econbiz.de/10010270495

How to deal with covert child labour, and give children an effective education, in a poor developing country: An optimal taxation problem with moral hazard

Cigno, Alessandro - 2010

work a child does, are private information, the second-best policy uses a combination of need and merit based education …

Persistent link: https://www.econbiz.de/10010270527

Tax effects, search unemployment, and the choice of educational type

Alstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe - 2005

This paper examines the effect of taxes on the individuals? choices of educational direction, and thus on the economy's skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low effort...

Persistent link: https://www.econbiz.de/10010270561

Uncertain longevity and investment in education

Sheshinski, Eytan - 2009

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the … investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …

Persistent link: https://www.econbiz.de/10010276619