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Start-up Costs, Taxes and Innovative Entrepreneurship

Darnihamedani, Pourya; Block, Joern Hendrich; Hessels, … - 2015

Prior research suggests that start-up costs and taxes negatively influence entry into entrepreneurship. Yet, no distinction is made regarding the type of entrepreneurship, particularly innovative versus non-innovative entrepreneurship. Start-up costs, being one-off costs, may reduce the entry of...

Persistent link: https://www.econbiz.de/10010491404

Housing and the tax system: How large are the distortions in the euro area?

Fatica, Serena; Prammer, Doris - 2017

find that tax benefits to homeowners reduce the user cost of housing capital by almost 40 percent compared to the efficient … level under neutral taxation. On average, the tax subsidy translates into an excess consumption of housing services … the tax rebate for mortgage interest payments is driven down by relatively low loanto- value ratios in the data. However …

Persistent link: https://www.econbiz.de/10011804402

Regional effects of federal tax shocks

Hayo, Bernd; Uhl, Matthias - 2012

This paper studies regional output asymmetries following U.S. federal tax shocks. We estimate a vector autoregressive … model for each U.S. state, utilizing the exogenous tax shock series recently proposed by Romer and Romer (2010) and find … differences in the magnitude of regional tax multipliers suggests that industry composition of output and sociodemographic …

Persistent link: https://www.econbiz.de/10010294366

A history of tax legislation in the Federal Republic of Germany

Uhl, Matthias - 2013

This paper presents a historical account of legislated tax changes in the Federal Republic of Germany from 1964 to 2010 …. Ninety-five quantitatively important pieces of tax legislation are identified and characterized along several dimensions: Tax … and timing is reported. The evolution of tax acts is described, capturing changes in tax measures and associated revenue …

Persistent link: https://www.econbiz.de/10010294405

Political leaders' socioeconomic background and public deficits: Evidence from OECD countries

Hayo, Bernd; Neumeier, Florian - 2013

This paper empirically analyses the relationship between political leaders' socioeconomic backgrounds and public budget deficits utilising panel data on 21 OECD countries from 1980 to 2008. Building on sociological, as well as economic, research, we argue that the socioeconomic status of...

Persistent link: https://www.econbiz.de/10010294450

Does the Wage Tax System cause Budget Deficits?

Riedl, Arno; van Winden, Frans A.A.M. - 2000

In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the … explain the budget deficits we observe in the laboratory economies. Furthermore, we find that tax adjustments in order to …

Persistent link: https://www.econbiz.de/10010324556

The Effect of Fiscal Rules on Public Investment if Budget Deficits are Politically Motivated

Dur, Robert A.J.; Peletier, Ben D.; Swank, Otto H. - 1997

Uncertainty about the future preferences of the government may induce policy makers to run excessive budget deficits. As a solution to this problem, economists have proposed to impose a binding debt rule. In this paper we argue that a binding debt rule does not eliminate the distortions due to...

Persistent link: https://www.econbiz.de/10010324588

Input versus Output Taxation in an Experimental International Economy

Riedl, Arno; van Winden, Frans - 2003

systems as a means to finance unemployment benefits: a sales-tax-cum-labor-subsidy system versus a wage tax system. The two … relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax … systems are applied to the home country, while the wage tax system always obtains in the foreign country. In stark contrast …

Persistent link: https://www.econbiz.de/10010324982

Productive Government Expenditure in Monetary Business Cycle Models

Linnemann, Ludger; Schabert, Andreas - 2005

This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...

Persistent link: https://www.econbiz.de/10010325148

Enhanced Cooperation in an Asymmetric Model of Tax Competition

Vrijburg, Hendrik; de Mooij, Ruud A. - 2010

This paper analyzes enhanced cooperation agreements in corporate taxation in a three country tax competition model … where countries differ in size. We characterize equilibrium tax rates and the optimal tax responses due to the formation of … an enhanced cooperation agreement. Conditions for strategic complementarity or strategic substitutability of tax rates …

Persistent link: https://www.econbiz.de/10010325641