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Lukkezen, Jasper - 2013

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt. We combine the reduced-form model of the economy from a linear VAR with a non-linear welfare function and obtain analytic solutions for optimal policy. The variables...

Persistent link: https://www.econbiz.de/10013081701

Bounds of Unfair Inequality of Opportunity : Theory and Evidence for Germany and the US

Niehues, Judith - 2012

Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set …, is important for the acceptance of (some) inequality and the design of redistributive policies as underestimating the …

Persistent link: https://www.econbiz.de/10013106535

Reconciling Insurance with Market Discipline : A Blueprint for a European Fiscal Union

Dolls, Mathias - 2016

This contribution develops a blueprint for a European fiscal union. We argue that a viable European fiscal union can be constructed without joint liability for public debt or a centralized government with a large common budget. Such a fiscal union should combine elements of market discipline...

Persistent link: https://www.econbiz.de/10012996428

Measuring Unfair Inequality : Reconciling Equality of Opportunity and Freedom from Poverty

Hufe, Paul - 2018

debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …

Persistent link: https://www.econbiz.de/10012912680

Does Size Matter? The Impact of Changes in Household Structure on Income Distribution in Germany

Peichl, Andreas - 2010

Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood … as an increase in inequality of wages due to changes in bargaining power of employees. However, the role of changing … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in …

Persistent link: https://www.econbiz.de/10013136651

Welfare Benefits of Agglomeration and Worker Heterogeneity

Teulings, Coen N. - 2014

The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...

Persistent link: https://www.econbiz.de/10013047320

Measurement Error in Education and Growth Regressions

Portela, Miguel - 2008

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

Persistent link: https://www.econbiz.de/10012774497

Returns to On-the-Job Search and the Dispersion of Wages

Gottfries, Axel - 2017

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...

Persistent link: https://www.econbiz.de/10012956895

The Elasticity of Taxable Income in the Presence of Deduction Possibilities

Dörrenberg, Philipp - 2015

Several recent studies show that the elasticity of taxable income (ETI) is not a sufficient statistic for the welfare costs of taxation due to factors such as taxbase shifting. This paper provides an additional argument demonstrating the non-sufficiency of the ETI, namely tax deductions....

Persistent link: https://www.econbiz.de/10013021690

Fair and Efficient Taxation Under Partial Control : Theory and Evidence

Ooghe, Erwin - 2011

There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their misfortune, while they allow them to enjoy the fruits of their effort. This paper introduces fairness in a tax-benefit scheme that is based on several characteristics in order to...

Persistent link: https://www.econbiz.de/10013122256