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Striking a balance: optimal tax policy with labor market duality

Mbara, Gilbert; Tyrowicz, Joanna; Kokoszczyński, Ryszard - 2020

This paper develops a dynamic general equilibrium model where employers may avoid making social security contributions by offering some workers "secondary contracts". When calibrated using aggregate tax revenue data, the model delivers estimates of secondary "off the books" employment that are...

Persistent link: https://www.econbiz.de/10012271653

Welfare reform in European countries : a microsimulation analysis

Immervoll, Herwig; Kleven, Henrik Jacobsen; Kreiner, … - 2005

This paper estimates the welfare and distributional impact of two types of welfare reform in the 15 (pre-enlargement) member countries of the European Union. The reforms are revenue neutral and financed by an overall and uniform increase in marginal tax rates on earnings. The first reform...

Persistent link: https://www.econbiz.de/10003158658

An evaluation of the tax-transfer treatment of married couples in European countries

Immervoll, Herwig; Kleven, Henrik Jacobsen; Kreiner, … - 2009

This paper presents an evaluation of the tax-transfer treatment of married couples in 15 EU countries using the EUROMOD microsimulation model. First, we show that many tax-transfer schemes in Europe feature negative jointness defined as a situation where the tax rate on one person depends...

Persistent link: https://www.econbiz.de/10003801065

Income tax policy in Europe between two crises : from the great recession to the COVID-19 pandemic

Myck, Michał; Trzcińsk, Kajetan - 2022

We examine the revenue and redistributive effects of tax policy reforms in twelve European countries over the decade between the financial crisis and the outbreak of the COVID-19 pandemic, setting them against the implications of a hypothetical system reflecting the extent of fiscal drag...

Persistent link: https://www.econbiz.de/10013206285

Downward revision of investment decisions after corporate tax hikes

Link, Sebastian; Menkhoff, Manuel; Peichl, Andreas; … - 2023

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …

Persistent link: https://www.econbiz.de/10014249936

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …

Persistent link: https://www.econbiz.de/10012099559

Who benefits from state corporate tax cuts? : a local labor markets approach with heterogeneous firms: comment

Malgouyres, Clément; Mayer, Thierry; Mazet-Sonilhac, … - 2021

Suárez Serrato and Zidar (2016) identify state corporate tax incidence in a spatial equilibrium model with imperfectly mobile firms. Their identification argument rests on comparative-statics omitting a channel implied by their model: the link between common determinants of a location's...

Persistent link: https://www.econbiz.de/10012592979

Information frictions and learning dynamics : evidence from tax avoidance in Ecuador

Bohne, Albrecht; Nimczik, Jan Sebastian - 2018

We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...

Persistent link: https://www.econbiz.de/10011865317

The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries

Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009

This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …

Persistent link: https://www.econbiz.de/10003832294

Capital prices and Eurozone competitiveness differentials

Askenazy, Philippe - 2013

Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...

Persistent link: https://www.econbiz.de/10009715724

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