study the impact of two mechanisms on labor supply: (i) differences in marriage stability and (ii) differences in tax … systems. We calibrate the model to U.S. data and study how labor supply in the U.S. changes as we introduce European tax … tax mechanisms combined explain 58% of the variation in labor supply between the U.S. and the European countries in our …

few years), potentially causing benefits to be severely reduced in the absence of corrective legislative action. Today … (February 2024), projections are made by the Social Security Administration that indicate that future benefits will need to be … curtailment. While Congress will most probably prevent benefits from being reduced for retirees and those nearing retirement, the …

. Investigation of tax data reveals a high degree of income concentration at the top of the distribution, low progressivity and … violations of the principles of horizontal and vertical equity. The main reason for these distortions is the complete tax … progressivity-focused tax reform plan, a theme that has returned as a focus of debates with Piketty (2014). …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

Standard economic theory implies that the labelling of cash transfers or cash-equivalents (e.g. child benefits, food …

enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate … health status, take up of sickness benefits, retirement, the utilization of health care and social care and the dynamics of …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations … one tax system. However, this tax system is often undesirable since it severely restricts the choice space of agents in …

gift tax revenue exploded. This episode has never before been discussed in the research literature. It gives an extremely … clear illustration of behavioral response to taxes in general, and the impact of expectations of future tax increases in … particular. It is also a very interesting episode in the economic history of Sweden. I have access to aggregate tax revenue data …