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When the top personal tax rates are above the corporate rate, high-income individuals have an incentive to reclassify their earnings as corporate rather than personal income for tax purposes. U.S. tax law at least imposes strict limits on the extent to which employees in publicly traded...
Persistent link: https://www.econbiz.de/10014400644
A defining feature of transition economies is the expansion of the private sector. Motivated by the observation that new enterprises in transition economies seem to have a strong preference for recruiting young people, this paper studies intergenerational redistribution following from market...
Persistent link: https://www.econbiz.de/10014399553
Persistent link: https://www.econbiz.de/10009572399
Persistent link: https://www.econbiz.de/10010388660
Greece's investment rate plunged following the Sovereign Debt Crisis (SDC) and remained one of the lowest in the world … suggest that Greece has been under-investing since the SDC, with private investment notably lagging behind. The estimated …
Persistent link: https://www.econbiz.de/10013170315
We review Greek public sector healthcare policies and health-related outcomes since 2010.We find that excess spending was successfully curtailed, elements of the institutional framework were modernized, and health outcomes have been relatively favorable. However, especially prior to Covid-19,...
Persistent link: https://www.econbiz.de/10012605603
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece's fiscal problems …
Persistent link: https://www.econbiz.de/10012605604
We construct a Financial Conditions Index (FCI) for Greece as a surveillance tool to quantify the degree of the stress … (EA) as a whole and show that although the developments in the EA were qualitatively in line with those in Greece, they … were quantitatively much milder. Our results confirm that monetary transmission was less effective in Greece compared to …
Persistent link: https://www.econbiz.de/10014390615
This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. The model … contributes to a better understanding of the effects of monetary policy in Greece, and of the portfolio consequences of financial …
Persistent link: https://www.econbiz.de/10014397846
The Greek unemployment rate rose from 2 percent in the 1960s to 9-10 percent in the 1990s. This reflected the increase in female participation rates, the slowdown in growth, the restructuring of production, and the increased mismatch between jobs and job seekers. But the most crucial factor was...
Persistent link: https://www.econbiz.de/10014396135