Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods … equilibrium effects. Adjusted estimates of the positive net fiscal impact of average recent U.S. immigrants rise by a factor of 3 …

Using a nationally representative household survey from India, we examine individuals' domestic tourism participation … and trip expenditure decisions together. We control for a large set of explanatory variables broadly classified as … important determinants of trip expenditure in addition to economic and socio-demographic characteristics. The unconditional …

International migrants who seek protection also participate in the economy. Thus the policy of the United States to … in U.S. refugee admissions starting in 2017 costs the overall U.S. economy today over $9.1 billion per year ($30,962 per …

the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an …

hypothetical system reflecting the extent of fiscal drag resulting from nominal wage increases. We show that the combination of … wage growth and progressivity of the tax system determined the fiscal leeway which governments could use to reduce income …, their much lower degree of progressivity implied limited additional scope for fiscal changes. While decisions taken in most …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation … evidence that this is likely driven by the fact that Dutch households seem to become more pessimistic about their real income …