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This theoretical note proves a theorem on income tax rates. In particular, it proves that if the marginal utility of income is declining as income rises and if the relationship is represented by a rectangular hyperbola, under the equal proportional sacrifice principle, the tax rate will always...
Persistent link: https://www.econbiz.de/10011112415
This study has two objectives. First, it proffers and then empirically investigates what is being identified as the "small firm hypothesis," i.e., a hypothesis that the greater the percentage of firms in the U .S. that are "small," the greater the percentage of the population that can be...
Persistent link: https://www.econbiz.de/10011109313
This exploratory study investigates the hypothesis that higher levels of economic freedom in an “economic region” promote a higher level of economic activity and hence yield higher levels of per capita real income in that economic region, ceteris paribus. However, in the pursuit of a broader...
Persistent link: https://www.econbiz.de/10011109849
This study empirically investigates whether the assumption of the monetary authority in pre-2000 Germany that rising … prices of imported crude oil would lead to domestic inflation in Germany had validity. In a model where unemployment rate … changes, money stock growth, and wage growth are all allowed for, OLS estimation reveals that although the inflation rate in …
Persistent link: https://www.econbiz.de/10011111941
This study has two objectives. First, it seeks to apply a hedonic pricing model to determine whether property taxes have been capitalized into the prices of single family homes located within in the Savannah Historic Landmark District in Savannah, Georgia. A total of 593 home sales over the...
Persistent link: https://www.econbiz.de/10011107998
This study empirically investigates the impact of AFDC (welfare) policies, per capita property taxation, and per capita local government spending on net in-migration by race to SMSAs for the period 1965-1970. The empirical results imply that black migrants on average are attracted to SMSAs with...
Persistent link: https://www.econbiz.de/10011110573
Using panel data for OECD nations for the period 2003-2009, the fixed-effects estimations in this study all provide strong support for the three central hypotheses considered here, namely: (1) the standard of living in a nation, measured in this study as the level of purchasing-power-parity...
Persistent link: https://www.econbiz.de/10011112985
This study empirically investigates whether the performance of the S&P 500 stock index, whose performance is treated as a surrogate for the performance of domestic stock/equity markets generally, influences the Presidential approval rating. After allowing for a variety of political factors and...
Persistent link: https://www.econbiz.de/10011113490
This study empirically investigates the hypothesis that the lower the public’s job approval rating of the U.S. President, the higher the degree of aggregate federal personal income tax evasion in the U.S. Using annual data on aggregate federal personal income tax evasion for the period...
Persistent link: https://www.econbiz.de/10011114011
The results of this study for the 50 states imply that considerations of distance play an important role in the migration decision of blacks, with the distance variable being statistically significant at the five percent level or better in 80 percent of the cases. The racial composition variable...
Persistent link: https://www.econbiz.de/10011259706