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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...
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would increase taxation and investment in education, and would benefit also the owners of the complementary factor. …
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shocks have greater relevance. Progressive taxation strongly attenuates cross-sectional earnings risk, its life …
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Generous income support programs as provided by European welfare states have often been blamed to hamper employment …
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Are reforms towards individual taxation politically feasible? Are they desirable from a welfare perspective? We develop … today, Pareto-improvements require a move away from joint taxation. Revenue-neutral reforms towards individual taxation are …
Persistent link: https://www.econbiz.de/10014481058
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through higher property taxation affects the real economy and welfare. We find that a labor tax wedge reduction generates … though it negatively affects the housing market, property acquisition taxation outperforms all other instruments as the …
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The employment effects of an ecological tax reform depend decisively on the presence of a profit tax and on the extent … wages with unions on the labour market. In the setting, the value of the employment-maximising energy tax rate depends on …
Persistent link: https://www.econbiz.de/10013428427