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Voting on Public Pensions With Hand and Feet: How Young Migrants Try to Escape From Gerontocracy

Haupt, Alexander; Peters, Wolfgang - 2001

, nevertheless, is restricted by migration of the young generations. This connection between political voting on intergenerational … case in which the young generations' migration decision takes its effect on future pensions into account (strategic … migration) and the case in which it only reflects differentials in labor income (myopic migration). The paper also pays …

Persistent link: https://www.econbiz.de/10010315170

Tax Me If You Can! Optimal Nonlinear Income Tax between Competing Governments

Lehmann, Etienne; Simula, Laurent; Trannoy, Alain - 2013

margin. The skill distribution is continuous, and, for each skill level, the distribution of migration cost is also … migration is decreasing in the skill level. When the semi-elasticity of migration is increasing in the skill level, either … negative. Numerical simulations are calibrated using plausible values of the semi-elasticity of migration for top income …

Persistent link: https://www.econbiz.de/10010318818

Portability of pension, health, and other social benefits: Facts, concepts, and issues

Holzmann, Robert; Koettl, Johannes - 2012

Portability of social benefits across professions and countries is an increasing concern for individuals and policy makers. Lacking or incomplete transfers of acquired social rights are feared to negatively impact individual labor market decisions as well as capacity to address social risks with...

Persistent link: https://www.econbiz.de/10010290773

Regional implications of financial market development: Credit rationing, trade, and location

von Ehrlich, Maximilian; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010291520

A Spatial Perspective on European Integration: Heterogeneous Welfare and Migration Effects from the Single Market and the Brexit

Henkel, Marcel; Seidel, Tobias - 2016

We use a quantitative model to study the implications of European integration for welfare and migration flows across 1 … percent causing an estimated migration of about 8 million individuals to the European core. This implies that the dismantling …

Persistent link: https://www.econbiz.de/10011615844

Strategic nonlinear income tax competition with perfect labor mobility

Bierbrauer, Felix; Brett, Craig; Weymark, John A. - 2011

Tax competition between two governments who choose nonlinear income tax schedules to maximize the average utility of its residents when skills are unobservable and labor is perfectly mobile is examined. We show that there are no Nash equilibria in which there is a skill type that pays positive...

Persistent link: https://www.econbiz.de/10010274900

Fiscal competition for imperfectly-mobile labor and capital : a comparative dynamic analysis

Wildasin, David E. - 2009

Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive...

Persistent link: https://www.econbiz.de/10010277195

Sectoral Labor Mobility and Optimal Monetary Policy

Cantelmo, Alessandro; Melina, Giovanni - 2020

How should central banks optimally aggregate sectoral inﬂation rates in the presence of imperfect labor mobility across sectors? We study this issue in a two-sector New-Keynesian model and show that a lower degree of sectoral labor mobility, ceteris paribus, increases the optimal weight on...

Persistent link: https://www.econbiz.de/10012425544

Labor Mobility and Fiscal Policy in a Currency Union

Baglioni, Angelo; Boitani, Andrea; Bordignon, Massimo - 2015

Labor mobility is commonly taken as a property of an optimal currency area. But how does that property affect the outcome of fiscal policies? In our model, we show that perfect (costless) labour mobility is not necessarily welfare improving, since it prevents the national fiscal authorities from...

Persistent link: https://www.econbiz.de/10010480874

Tax Deductibility of Commuting Expenses and Residential Land Use with more than one Center

Wrede, Matthias - 2003

This paper analyzes the treatment of commuting expenses by the income tax code from a normative and a positive point of view within a continuous space framework with endogenous residence choices and perfect labor mobility. As commuting expenses should never be deductible from the income tax base...

Persistent link: https://www.econbiz.de/10010315797

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