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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

Sliding into poverty? Cross-national patterns of income source change and income decay in old age

Williamson, James; Smeeding, Timothy M. - 2004

In this article we examine the change in the mix of income and benefits that older adults receive as they age, with a focus on older women. Our study is a crossnational comparison of five OECD countries using the Luxemburg Income Study database. We investigate the change of private income and...

Persistent link: https://www.econbiz.de/10010335361

Public policy and economic inequality: The United States in comparative perspective

Smeeding, Timothy M. - 2004

This article compares recent economic inequality in industrialized nations, largely those belonging to the Organization for Economic Cooperation and Development (OECD). This research finds the United States has the highest overall level of inequality of any rich OECD nation in the mid-1990s. It...

Persistent link: https://www.econbiz.de/10010335383

Income poverty and income support for minority and immigrant children in rich countries

Smeeding, Timothy M.; Robson, Karen; Wing, Coady; … - 2009

The Luxembourg Income Study (LIS) and the databases underlying the European Statistics on Income and Living Conditions (EU-SILC) allow estimates of the extent to which immigrant and nonimmigrant children are poor across a wide range of rich nations. These data also allow estimates of the effects...

Persistent link: https://www.econbiz.de/10010335482