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Quantifying optimal growth policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10010269804
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Quantifying Optimal Growth Policy
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - Institute for the Study of Labor (IZA) - 2010
The optimal mix of growth policies is derived within a comprehensive endogenous growth model. The analysis captures important elements of the tax-transfer system and takes into account transitional dynamics. Currently, for calculating corporate taxable income US firms are allowed to deduct...
Persistent link: https://www.econbiz.de/10008550514
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Welfare Policies, Labour Taxation and International Integration
Andersen, Torben M. - 2001
sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes … labour income. Since financing of social security via general taxation involves a negative externality the effects of … financed by general taxation. …
Persistent link: https://www.econbiz.de/10010262483
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Fiscal multipliers and the labour market in the open economy
Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2010
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10010277962
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Welfare Policies, Labour Taxation and International Integration
Andersen, Torben M. - Institute for the Study of Labor (IZA) - 2001
sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes … labour income. Since financing of social security via general taxation involves a negative externality the effects of … financed by general taxation. …
Persistent link: https://www.econbiz.de/10005703732
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Fiscal Multipliers and the Labour Market in the Open Economy
Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - Institute for the Study of Labor (IZA) - 2010
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10008611515
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Public education for the children left behind
Camacho, Carmen; Shen, I-ling - 2010
This paper examines the role of public education in the context of parental migration, and it studies the effects of an expansive income tax policy that is adopted to increase public education expenditure per pupil. It is shown that such a policy may exacerbate income inequality in the long run...
Persistent link: https://www.econbiz.de/10010269791
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Can democracy educate a society?
Gersbach, Hans; Siemers, Lars-H. R. - 2005
We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...
Persistent link: https://www.econbiz.de/10010276653
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Can Democracy Educate a Society?
Gersbach, Hans; Siemers, Lars - Institute for the Study of Labor (IZA) - 2005
We examine whether democratic societies can escape poverty traps. Unrestricted agenda setting with simple majority rules fail to educate a society, because education-enhancing redistribution will not occur. We show that a combination of suitable constitutional rules overcomes this impossibility...
Persistent link: https://www.econbiz.de/10005822156
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The Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective
Bertocchi, Graziella - Institute for the Study of Labor (IZA) - 2007
hand, were among the first to be introduced when modern systems of taxation were developed at the end of the nineteenth … determination of the dynamic political equilibrium of the model. Its effect is to compress bequest taxation but also to delay its … the long-term evolution of bequest taxation in modern democracies and with the drastic discrepancies currently observed …
Persistent link: https://www.econbiz.de/10005822982