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In 1994 a limit on the growth of property values for tax purposes was imposed in Michigan. One consequence of the newly imposed assessment growth cap was an emerging differential in tax prices between potential new property owners and long-time property owners. The purpose of this paper is to...
Persistent link: https://www.econbiz.de/10003959566
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10003976826
While politically attractive in order to generate tax revenues, the effects of a financial transaction tax (FTT) are scientifically disputed, not the least because seemingly small details of its implementation may matter a lot. In this paper, we provide experimental evidence on the different...
Persistent link: https://www.econbiz.de/10010250083
We study the earnings responses to three large increases in employer Social Security contributions (SSCs) in France. We find evidence of full pass-through to workers in the case of a strong and salient relationship between contributions and expected benefits. By contrast, we find limited...
Persistent link: https://www.econbiz.de/10012057311
There is a large literature evaluating the dual process model of cognition, including the biases and heuristic it implies. To advance this literature, we focus on what triggers decision makers to switch from the intuitive process (aka System 1) to the more deliberative process (aka System 2)....
Persistent link: https://www.econbiz.de/10013198848
, convexity for losses, and loss aversion apply to the dependence of life satisfaction on relative income. This is tested with a … implies a rising marginal sensitivity of life satisfaction to more negative values of relative income, and hence loss aversion … satisfaction ; relative income ; value function ; loss aversion ; social participation …
Persistent link: https://www.econbiz.de/10003348533
. -- Reference points ; expectations ; loss aversion ; risk aversion ; disappointment ; experiment …
Persistent link: https://www.econbiz.de/10003794106
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in … riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an … manufacturer). All subjects also participate in a simple lottery choice task which arguably measures loss aversion in risky choices …
Persistent link: https://www.econbiz.de/10003586547
We report the results of a laboratory experiment testing for the existence of loss aversion in a standard risk aversion … incentivized risk preference elicitation task. We find loss aversion, distinct from risk aversion, has a significant effect on …
Persistent link: https://www.econbiz.de/10010379927
Loss aversion, the fact that losses have a greater impact than gains, is a fundamental property of behavioral accounts … systematic individual difference, with some individuals more or less loss aversion, (3) it could be a property of the attribute … large sample of auto buyers using an experiment which allows us to measure loss aversion, at the individual level for …
Persistent link: https://www.econbiz.de/10003361690