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Failure to launch: Cross-national trends in the transition to economic independence

Bell, Lisa; Burtless, Gary; Gornick, Janet; Smeeding, … - 2007

, the United Kingdom, and the United States. The paper compares trends in the household living arrangements, employment … this general pattern. Between the mid-1980s and 2000 employment rates improved among young Americans in their late 20s and … early 30s, and earnings levels either remained stable or increased modestly. The stability of U.S. employment levels helped …

Persistent link: https://www.econbiz.de/10010335462

Spillovers from tax shocks to the euro area

Mierzwa, Sascha - 2021

I study the spill-over effects of legislated discretionary tax changes in the United States, Germany, and the United Kingdom to 11 Eurozone countries for the period 1980Q1-2018Q4 employing Local Projections (Jordà, 2005). In general, I find spillovers from US tax legislation to have the...

Persistent link: https://www.econbiz.de/10012653882

Legislative tax announcements and GDP: Evidence from the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021

rises (drops) during recessionary (non-recessionary) times. In general, consumption, investment, and employment follow in …

Persistent link: https://www.econbiz.de/10012653883

Stock Market Reactions to Legislated Tax Changes: Evidence from the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2020

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We find that days of discretionary tax legislation during...

Persistent link: https://www.econbiz.de/10012543679

The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021

Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...

Persistent link: https://www.econbiz.de/10012543684

Estimating Policy-Corrected Long-Term and Short-Term Tax Elasticities for the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha; Unal, Umut - 2021

We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer's (2009) narrative approach, we construct a...

Persistent link: https://www.econbiz.de/10012543693

Income distribution, weekly hours of work, and time for child rearing: The US experience in a cross-national context

Burtless, Gary; Gornick, Janet; Smeeding, Timothy M. - 2008

part of the U.S. distribution derive an important advantage from devoting so much of their time to paid employment: They …

Persistent link: https://www.econbiz.de/10010335350

American inequality and its consequences

Burtless, Gary; Jencks, Christopher - 2003

Income inequality has risen sharply in the United States over the past generation, reaching levels not seen since before World War II. But while almost two-thirds of Americans agree with the statement that 'income differences in the United States are too large', policies aimed at reducing income...

Persistent link: https://www.econbiz.de/10010335385

The age profile of income and the burden of unfunded transfers in four countries: Evidence from the Luxembourg Income Study

Burtless, Gary - 2004

This paper uses micro-census income data from the Luxembourg Income Study (LIS) to measure the current and future burden of financing public transfers, especially benefits supporting the aged and near-aged. The analysis distinguishes between income obtained from households' own saving and labor...

Persistent link: https://www.econbiz.de/10010335551

Income inequality and redistribution in post-industrial democracies: Demographic, economic, and political determinants

Huber, Evelyne; Stephens, John D. - 2013

density, deindustrialization, unemployment, employment levels, and education spending. The main determinants of redistribution … are (in order of magnitude) left government, family structure, welfare state generosity, unemployment, and employment …

Persistent link: https://www.econbiz.de/10010335556