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Automatic stabilizers and economic crisis: US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10010273818
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Taxation, corruption and the exchange rate regime
Hefeker, Carsten - 2009
. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption …
Persistent link: https://www.econbiz.de/10010264571
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Welfare Benefit Reforms and Employment
Aloi, Marta; Lloyd-Braga, Teresa; Leite-Monteiro, Manuel - 2017
We consider an economy characterised by involuntary unemployment among low skilled workers, and investigate the implications for employment and income of welfare schemes often advocated as less distortionary. We show that reducing unemployment benefits in favour of income subsidies (social...
Persistent link: https://www.econbiz.de/10011657124
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On the Provision of Excludable Public Goods - General Taxes or User Prices?
Economides, George; Philippopoulos, Apostolis - 2020
This paper compares some of the most common and debated ways of financing the provision of impure public goods/services in a unified dynamic general equilibrium framework. We study and rank a wide variety of ways ranging from provision without any user charges, to provision with full user...
Persistent link: https://www.econbiz.de/10012425630
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Smart Cap
Karp, Larry S.; Träger, Christian - 2021
We introduce a “smart” cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
Persistent link: https://www.econbiz.de/10012581980
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Markups, Taxes, and Rising Inequality
Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022
changes in markups, taxes, factor productivity, and asset prices affect inequality dynamics over the 1984-2018 period. Rising …
Persistent link: https://www.econbiz.de/10013427766
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Replacing Customs Revenue with Taxes on Income and Domestic Consumption: The South African Experience
Freytag, Andreas; Siebrits, Krige - 2023
added taxes. This transition may be a politically difficult process. This paper analyses the process of revenue transition … customs revenue to one dominated by income taxes and taxes on domestic consumption was a protracted and unplanned process. The … general revenue needs of the government led to the introduction of income taxes in 1914 and a broad-based consumption tax in …
Persistent link: https://www.econbiz.de/10014469765
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Prices versus Quantities Reassessed
Karp, Larry S.; Traeger, Christian P. - 2018
technological uncertainty favors taxes over cap and trade. Weitzman models a flow pollutant, but greenhouse gases are persistent …
Persistent link: https://www.econbiz.de/10011932081
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Inferring Tax Compliance from Pass-Through : Evidence from Airbnb Tax Enforcement Agreements
Bibler, Andrew - 2019
. Whether efforts to fully enforce taxes are worthwhile depends on the rate of compliance in the absence of such efforts. In … estimate that taxes are paid on no more than 24 percent of Airbnb transactions prior to enforcement. We also find that demand …
Persistent link: https://www.econbiz.de/10012866041
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Do Commuting Subsidies Drive Workers to Better Firms?
Agrawal, David R.; Jahn, Elke J.; Janeba, Eckhard - 2024
An unappreciated potential benefit of commuting subsidies is that they can expand the choice set of feasible job opportunities in a way that facilitates a better job match quality. Variations in wages and initial commuting distances, combined with major reforms of the commuting subsidy formula...
Persistent link: https://www.econbiz.de/10014534361