Showing 1 - 10 of 35
This paper analyses how different tax policies can affect investment and productivity. To address this question the paper uses industry-level data from a set of OECD countries and examines whether different industries are affected differently by taxation. Investment is shown to respond...
Persistent link: https://www.econbiz.de/10012444789
leads to smaller output and employment declines compared to rate hikes, even when distinguishing between tax types …
Persistent link: https://www.econbiz.de/10011932304
Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high than when it is low. To explore the mechanisms that...
Persistent link: https://www.econbiz.de/10012251390
What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our analysis-based on the local projection method-finds...
Persistent link: https://www.econbiz.de/10012252736
This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and reduce marginal rates under, the personal income tax (PIT), reduce distortions to...
Persistent link: https://www.econbiz.de/10011905903
Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP … find much scope for improving the design of key labor market institutions-including collective bargaining and employment …
Persistent link: https://www.econbiz.de/10012612327
unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …
Persistent link: https://www.econbiz.de/10012122485
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create … jury is still out with respect to their impact on formal employment. This paper exploits an unannounced change in the … identify the causal impact of the program on formal employment, combining three large administrative datasets. This paper finds …
Persistent link: https://www.econbiz.de/10012252007
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We give an answer to … this question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 … would, on average, lift female employment by 1 percent, while increasing male employment by 0.6 percent. Consequently such a …
Persistent link: https://www.econbiz.de/10012001474
Persistent link: https://www.econbiz.de/10010441910