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Orszag, Jonathan Michael; Snower, Dennis J. - 1999

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...

Persistent link: https://www.econbiz.de/10011295418

The dynamic response of municipal budgets to revenue shocks

Helm, Ines; Stuhler, Jan - 2021

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany's fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...

Persistent link: https://www.econbiz.de/10012518088

Financing social protection in OECD countries : role and uses of revenue earmarking

Immervoll, Herwig - 2024

In many OECD countries, the majority of social spending is financed from earmarked revenues, and a large share of revenues earmarked for any type of government spending is used for social purposes. Tying revenue sources to specific expenditure categories has a number of potential advantages and...

Persistent link: https://www.econbiz.de/10015064422

Public education for the children left behind

Camacho, Carmen; Shen, I-Ling - 2010

This paper examines the role of public education in the context of parental migration, and it studies the effects of an expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy may exacerbate income inequality in the long run...

Persistent link: https://www.econbiz.de/10003944305

Regional consumption responses and the aggregate fiscal multiplier

Dupor, Bill; Karabarbounis, Marios; Kudlyak, Marianna; … - 2022

We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and auto purchases from Equifax credit balances. We...

Persistent link: https://www.econbiz.de/10013187650

Fiscal incidence on the island : Grenada's fiscal system and its incidence

Canavire-Bacarreza, Gustavo; Gómez Aliaga, Guillermo; … - 2024

This paper examines the distributional effects of fiscal policy in Grenada. Using data from the 2017-2018 Living Conditions and Household Budgets Survey and following the Commitment to Equity (CEQ) analysis framework, we estimate the effects of fiscal policy interventions on inequality and...

Persistent link: https://www.econbiz.de/10014486374

Fiscal multipliers and the labour market in the open economy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010

Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...

Persistent link: https://www.econbiz.de/10003945992

International migration with heterogeneous agents : theory and evidence

Brücker, Herbert (contributor); … - 2006

investigation of the cointegration relationships of German migration stocks and flows since 1967. We find that (i) panel-unit root … migration stocks and the explanatory variables are all I(1) variables, and (ii) the hypothesis of cointegration cannot be … rejected for the stock model. -- international migration ; temporary migration ; panel cointegration …

Persistent link: https://www.econbiz.de/10003376850

Fiscal effects of minimum wages : an analysis for Germany

Bauer, Thomas K.; Kluve, Jochen; Schaffner, Sandra; … - 2008

Against the background of the current discussion on the introduction of statutory minimum wages in Germany, this paper analyzes the potential employment and fiscal effects of such a policy. Based on estimated labor demand elasticities obtained from a structural labor demand model, the empirical...

Persistent link: https://www.econbiz.de/10003782599

The impact of oil revenues on the Iranian economy and the Gulf states

Dreger, Christian; Rahmani, Teymur - 2014

countries of the Gulf Cooperation Council (GCC) using (panel) cointegration techniques. The existence of cointegration between … oil revenues, GDP and investment can be confirmed for all countries. While the cointegration vector is found to be unique …

Persistent link: https://www.econbiz.de/10010339608

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