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The public finance literature demonstrates the equivalence between consumption and labor-income (wage) taxes. We introduce an experimental paradigm in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this paradigm to test whether a...
Persistent link: https://www.econbiz.de/10013138653
The Brazilian government raises taxes amounting to 35% of GDP and spends more than two thirds of this on social programmes. These shares are in pair with the OECD averages and well in excess of Latin America averages. However, while tax-benefit systems in most OECD countries reduce income...
Persistent link: https://www.econbiz.de/10014058460
This paper holistically addresses the effective (relative) income tax contribution of a given in-come (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10012948621
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10013105997
. Combining these estimates with data on Spanish households' financial decisions from the Survey of Household Finances (EFF …
Persistent link: https://www.econbiz.de/10013136779
We explore asset holding diversification by Australian households, in particular, the household asset diversification … doing, recent literature on the modelling of proportions is combined with the growing body of research concerning household …
Persistent link: https://www.econbiz.de/10013051019
The assumption that household income is strongly and positively correlated with a household's real standard of living … earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … modelling and numerical simulations based on survey data, that household income is a poor indicator of household well-being …
Persistent link: https://www.econbiz.de/10013042974
Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the … primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10013246033
exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries …
Persistent link: https://www.econbiz.de/10013406444
This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...
Persistent link: https://www.econbiz.de/10014351417