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Hours risk and wage risk : repercussions over the life-cycle

Jessen, Robin; König, Johannes - 2020

We decompose permanent earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks …-cycle model of consumption and labor supply. Both permanent wage and hours shocks are important to explain earnings risk, but wage … shocks have greater relevance. Progressive taxation strongly attenuates cross-sectional earnings risk, its life …

Persistent link: https://www.econbiz.de/10012145317

Should I stay or should I go? : Migration under uncertainty ; a real options approach

Khwaja, Yasmeen - 2002

Persistent link: https://www.econbiz.de/10001730311

High skilled mobility under uncertainty

Bisset, Jordan; Czarnitzki, Dirk; Doherr, Thorsten - 2023

Previous work suggests a general uncertainty surrounding the migration process acts as a barrier to outmigration. In this paper, we argue that this barrier is exacerbated when relative economic policy uncertainty is higher in the target country and mitigated when relatively higher in the origin...

Persistent link: https://www.econbiz.de/10014232682

Irreversible Investment, Incremental Capital Accumulation, and Price Uncertainty

Alvarez, Luis H. R. - 2006

We consider optimal incremental capital accumulation in the presence of investment irreversibility and general price uncertainty. We present a set of general conditions under which the optimal capital accumulation path can be explicitly characterized in terms of an ordinary threshold rule...

Persistent link: https://www.econbiz.de/10012502958

The macroeconomic effects of progressive taxes and welfare

Engler, Philipp; Strehl, Wolfgang - 2016

We analyze the positive and normative effects of a progressive tax on wages in a nonlinear New Keynesian DSGE model in the presence of demand and technology shocks. The non-linearity allows us to disentangle the effects of the progressive tax on the volatility and the level of macroeconomic...

Persistent link: https://www.econbiz.de/10011566088

Revisiting the progressive consumption tax : a business cycle perspective

Strehl, Wolfgang - 2019

This paper revisits the personal expenditure tax (PET), the most prominent version of a progressive consumption tax. The PET has a long intellectual tradition in economics, and the merits and demerits of this alternative to the personal income tax have been discussed at length. What has been...

Persistent link: https://www.econbiz.de/10012060899

Income distribution, tax structure and the measurement of tax progressivity

Silber, Jacques - 1989

Persistent link: https://www.econbiz.de/10000767827

Effective taxation of top incomes in Germany

Bach, Stefan; Corneo, Giacomo; Steiner, Viktor - 2011

We exploit an exhaustive administrative dataset that includes the individual tax returns of all households in the top percentile of the income distribution in Germany to pin down the effective income taxation of households with very high incomes. Taking tax base erosion into account, we find...

Persistent link: https://www.econbiz.de/10009312821

Bracket creep revisited - with and without r>g : evidence from Germany

Zhu, Junyi - 2015

Using German income distribution in 2009, this paper studies the redistributive and revenue effects of bracket creep under various inflation scenarios. We develop a tax micro-simulation model for the newly available Panel on Household Finance (PHF) data. The simulation yields an inverted...

Persistent link: https://www.econbiz.de/10011381623

Structural and cyclical effects of tax progression

Kremer, Jana; Stähler, Nikolai - 2013

In a real business cycle model with labor market frictions, we find that a more progressive tax schedule reduces structural unemployment as it fosters long-run incentives for job creation. Because there exists an optimal level of unemployment in a matching environment ("Hosios condition), tax...

Persistent link: https://www.econbiz.de/10009739558

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