Showing 1 - 10 of 2,184
Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback incentive scheme for business tax inspectors that...
Persistent link: https://www.econbiz.de/10012914336
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10013153299
In this paper, we empirically assess the causal relationship between trade and individual income risk and study the … from 1976 to 2012. Our estimates suggest substantial heterogeneity in labor income risk across workers in different entry … exports (per worker) are strongly and causally related to income risk: Imports increase risk and exports decrease risk, and …
Persistent link: https://www.econbiz.de/10014083961
We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and negative earnings shocks both contain a highly persistent component. The variance and average size of positive persistent shocks is decreasing over the life-cycle. The...
Persistent link: https://www.econbiz.de/10012948657
Public debates about the rise in top income shares often focus on the growing dispersion in earnings and the soaring … own explain the rise in top income shares? Are top executives replacing capital owners in the group of top-income earners … framework and uses it for exploring the changing composition of top incomes.It illustrates that changes in top income shares can …
Persistent link: https://www.econbiz.de/10012918237
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than … ever before. We identify income effects on time use by non-workers, showing that relatively time-intensive commodities …—sleep and TV-watching—are inferior. For workers we identify income and substitution effects separately, with both in the same …
Persistent link: https://www.econbiz.de/10012906476
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10013139035
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10013120404
inequality. Combining various income and wealth measures with different health measures, we calculate 80 health concentration …
Persistent link: https://www.econbiz.de/10013147128
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society … the intergenerational elasticity of income. The model clarifies how the interaction between private and collective … elasticity of income are not particularly informative about fairness without taking into account differences in politico …
Persistent link: https://www.econbiz.de/10013147548