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Public Finance in a Nutshell : A Cobb Douglas Teaching Tool for General Equilibrium Tax Incidence and Excess Burden

Fullerton, Don - 2017

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a calculator. Because this simplified Harberger model uses Cobb Douglas functional forms for...

Persistent link: https://www.econbiz.de/10012964062

Forecasting Random Walks Under Drift Instability

Pesaran, M. Hashem - 2011

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

Persistent link: https://www.econbiz.de/10012756639

Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits

Koethenbuerger, Marko - 2018

Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit shifting to a low-tax country as well as a loss-related,...

Persistent link: https://www.econbiz.de/10012921411

The Impact of Public Employment : Evidence from Bonn

Becker, Sascha O. - 2018

This paper evaluates the impact of public employment on private sector activity using the relocation of the German federal government from Berlin to Bonn in the wake of the Second World War as a source of exogenous variation. To guide our empirical analysis, we develop a simple economic...

Persistent link: https://www.econbiz.de/10012925280

The Effect of Disaggregate Information on the Expectation Formation of Firms

Buchheim, Lukas - 2018

This paper studies a new aspect of firms' expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...

Persistent link: https://www.econbiz.de/10012929261

Human Capital, Signaling, and Employer Learning. What Insights Do We Gain from Regression Discontinuity Designs

Graetz, Georg - 2018

Several recent papers employ the regression discontinuity design (RDD) to estimate the causal effect of a diploma (or similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value of a diploma. A positive information value arises...

Persistent link: https://www.econbiz.de/10012929537

The Bunching Estimator Cannot Identify the Taxable Income Elasticity

Blomquist, Soren - 2018

Saez (2010) introduced an influential estimator that has become known as the bunching estimator. Using this method one can get an estimate of the taxable income elasticity from the bunching pattern around a kink point. The bunching estimator has become popular, with a large number of papers...

Persistent link: https://www.econbiz.de/10012930601

Employment Effects of Payroll Tax Subsidies

Collischon, Matthias - 2018

This paper exploits several reforms of wage subsidies in the framework of the German Minijob program to investigate substitution and complementarity relationships between subsidized and non-subsidized labor demand. We apply an instrumental variables approach and use administrative data on German...

Persistent link: https://www.econbiz.de/10012913189

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10012913195

Dynamic Effects of Co-Ethnic Networks on Immigrants' Economic Success

Battisti, Michele - 2018

This paper investigates how the size of co-ethnic networks at the time of arrival affect the economic success of immigrants in Germany. Applying panel analysis with a large set of fixed effects and controls, we isolate the association between initial network size and long-run immigrant outcomes....

Persistent link: https://www.econbiz.de/10012914677

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