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with ten to forty years of observations from the Panel Survey of Income Dynamics. We find that neither is strongly …
Persistent link: https://www.econbiz.de/10012981348
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …
Persistent link: https://www.econbiz.de/10013020515
decide between a 'registered' income, the realization of which will be known to the tax authority for sure, and an … 'unregistered' income that will only be known with some probability. This unregistered income comes from self-employment in the Tax … decide on whether reporting their income or not, knowing the risk of detection. The results show that (i) individuals evade …
Persistent link: https://www.econbiz.de/10008914269
The risk of high costs of long-term care services and supports (LTSS) is one of the largest uninsured risks for American families and a major challenge to the sustainability of Medicaid. To address the latter, the long-term care partnership (LTCP) program was an initiative designed to encourage...
Persistent link: https://www.econbiz.de/10011120470
The risk of high costs of long-term care services and supports (LTSS) is one of the largest uninsured risks for American families and a major challenge to the sustainability of Medicaid. To address the latter, the so-called long-term care partnership (LTCP) program was designed to encourage...
Persistent link: https://www.econbiz.de/10013029508
Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces the take-up of an individually beneficial transfer. Our design exogenously varies the informativeness of the take-up decision by varying whether transfer eligibility is based on...
Persistent link: https://www.econbiz.de/10012952402
decide between a ‘registered’ income, the realization of which will be known to the tax authority for sure, and an … ‘unregistered’ income that will only be known with some probability. This unregistered income comes from self-employment in the Tax … decide on whether reporting their income or not, knowing the risk of detection. The results show that (i) individuals evade …
Persistent link: https://www.econbiz.de/10013316025
Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...
Persistent link: https://www.econbiz.de/10010764287
, income source and time preference. In contrast to the results of studies that introduce heterogeneity through different …
Persistent link: https://www.econbiz.de/10010948809
We develop a theory of social planning with a concern for economic coercion, which we define as the difference between consumers’ actual utility, and the “counterfactual” utility they expect to obtain if they were able to set policy themselves. Reasons to limit economic coercion include...
Persistent link: https://www.econbiz.de/10010948852