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Low-skilled immigrants indirectly affect public finances through their effect on native wages & labor supply. We operationalize this indirect fiscal effect in various models of immigration and the labor market. We derive closed-form expressions for this effect in terms of estimable statistics....
Persistent link: https://www.econbiz.de/10012500719
This paper uses Brazilian quarterly data, from the period January/2002 to June/2015, to estimate the impact of taxes over gross domestic product (GDP) per capita. The econometric results show a negative and statistically significant impact of the overall tax burden over per capita GDP. In...
Persistent link: https://www.econbiz.de/10012058615
Low-skilled immigrants indirectly affect public finances through their effect on resident wages & labor supply. We operationalize this indirect fiscal effect in a model of immigration and the labor market. We derive closed-form expressions for this effect in terms of estimable statistics. An...
Persistent link: https://www.econbiz.de/10014476656
framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non … in unemployment is induced by a cut in government consumption, but, cumulatively, a hike in employees' labor income tax … income tax policies and government consumption multipliers are usually biased downwards, while the consumption …
Persistent link: https://www.econbiz.de/10010516542
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10012315000
This paper studies the effect of regional spillovers on the rate of firm formation in two major West German industries for the time period from 1989 to 1993. I exploit regional variations in firm formation at the county level to identify the effects of historically given industry structure and...
Persistent link: https://www.econbiz.de/10011621492
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Many assets derive their value not only from future cash flows but also from their ability to serve as collateral. In this paper, we investigate this collateral value and its impact on asset returns in an infinite-horizon general equilibrium model with heterogeneous agents facing collateral...
Persistent link: https://www.econbiz.de/10010203684