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Consuming your Way to Efficiency: Public Goods Provision through Non-Distortionary Tax Lotteries

Giebe, Thomas; Schweinzer, Paul - CESifo - 2013

We revisit the classical result that financing a pure public good through taxation of private consumption is …

Persistent link: https://www.econbiz.de/10010877710

Thin Capitalization Rules and Multinational Firm Capital Structure

Blouin, Jennifer; Huizinga, Harry; Laeven, Luc; … - CESifo - 2014

This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...

Persistent link: https://www.econbiz.de/10010877952

Human Capital Mobility: Implications for Efficiency, Income Distribution, and Policy

Wildasin, David E. - CESifo - 2014

Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...

Persistent link: https://www.econbiz.de/10010877955

Land, Men, Taxation - An Application to Pre-Modern China and Europe: Erik Jones' European Miracle Revisited

Blankart, Charles B. - CESifo - 2014

two tax systems came about. Taxation is only feasible when men and land can be linked as a single bundle. Taxation of land … is not feasible without men, and taxation of men is not feasible without land. A tax maximizing bureaucrat has to combine …

Persistent link: https://www.econbiz.de/10010888448

Optimal Redistributive Pensions and the Cost of Self-Control

St-Amant, Pier-André Bouchard; Garon, Jean-Denis - CESifo - 2014

proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become …

Persistent link: https://www.econbiz.de/10010888451

Promotion Rat Race and Public Policy

Bjertnaes, Geir - CESifo - 2012

This study investigates whether excess effort to climb a career ladder justifies policy interventions. The answer depends on whether the government is able to levy a higher tax burden on career workers than on non-career workers. Both a tax on top income aimed at lowering the rewards of...

Persistent link: https://www.econbiz.de/10010540727

Beyond the Labour Income Tax Wedge: The Unemployment-Reducing Effect of Tax Progressivity

Lehmann, Etienne; Lucifora, Claudio; Moriconi, Simone; … - CESifo - 2013

This paper argues that, for a given overall level of labour income taxation, a more progressive tax schedule reduces … these theoretical predictions on a panel of 21 OECD countries over 1998-2008. Controlling for the burden of taxation at the … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …

Persistent link: https://www.econbiz.de/10010682629

Retrospective Capital Gains Taxation in the Real World

Menoncin, Francesco; Panteghini, Paolo - CESifo - 2009

In this article, we analyze Auerbach's (1991) proposal of a retrospective capital gains tax, which is equivalent to an accrual tax on an ex-ante basis. Using a continuous-time model with stochastic interest rates, we prove that equivalence holds even if the risk-free asset return is correlated...

Persistent link: https://www.econbiz.de/10004979407

The Role of Taxes as Automatic Destabilizers in New Keynesian Economics

Hansen, Claus Thustrup; Kleven, Henrik Jacobsen - CESifo - 2000

This paper analyses the effects of taxation in New Keynesian economics. The results show that taxes contribute to price …

Persistent link: https://www.econbiz.de/10005013052

The Role of Fiscal Instruments in Environmental Policy

Kosonen, Katri; Nicodème, Gaëtan J.A. - CESifo - 2009

Environmental protection is one of Europe's key values. The EU has set clear policy objectives to achieve its environmental goals. The EU has favoured market-based instruments, among which fiscal instruments to tackle the climate change problem. This paper takes a policy-making perspective and...

Persistent link: https://www.econbiz.de/10005013063