Showing 1 - 10 of 4,402
the complexity of pensions systems and degrees of myopia. In this paper, we assess levels of knowledge of pensions using a …
Persistent link: https://www.econbiz.de/10013076158
early childhood intervention program that measures knowledge of narrowly defined skills on essentially equivalent subsets of … detailed knowledge measures. We reject the hypothesis of aggregate scale invariance and call into question the uncritical use …
Persistent link: https://www.econbiz.de/10014083722
We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal...
Persistent link: https://www.econbiz.de/10013104944
This paper provides a detailed analysis on the incidence of the tax structure on the labor market. To do so it goes beyond the traditional examination of the quot;levelquot; effect of the fiscal wedge and considers a quot;compositionquot; effect defined as a payroll tax bias (PTB): the...
Persistent link: https://www.econbiz.de/10012760788
We analyze optimal taxation in an economy with monopsonistic labor markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...
Persistent link: https://www.econbiz.de/10013316879
The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...
Persistent link: https://www.econbiz.de/10013016315
-calculated factor share. These findings suggest investments in knowledge-based capital, i.e., intangible capital, produce productivity …
Persistent link: https://www.econbiz.de/10013051449
the creation and dissemination of productive knowledge help explain the European advantage. We build a model of … technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. The young … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …
Persistent link: https://www.econbiz.de/10012995608
the exam, suggesting that social ties are relevant both for solving free-riding problems and for inducing knowledge …
Persistent link: https://www.econbiz.de/10012981511
Assuming decreasing returns to education and the endogenous supply of qualified and non-qualified labour it is shown to be efficient to supplement a consumption tax with positive incentives for education. If the return from education is isoelastic and if the choice is between (i) subsidizing the...
Persistent link: https://www.econbiz.de/10012778247