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Relative Prices and Sectoral Productivity

Duarte, Margarida - 2017

The relative price of services rises with development. A standard interpretation of this fact is that productivity … differences across countries are larger in manufacturing than in services. The service sector comprises heterogeneous categories … negative income elasticity of relative prices, whereas the relative price of aggregate services is mostly driven by large …

Persistent link: https://www.econbiz.de/10012944629

Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? The Implications of Evasion and Avoidance

Chetty, Raj - 2008

Since Feldstein (1999), the most widely used method of calculating the excess burden of income taxation is to estimate the effect of tax rates on reported taxable income. This paper reevaluates the taxable income elasticity as a measure of excess burden when individuals can evade or avoid taxes....

Persistent link: https://www.econbiz.de/10012772448

On Bunching and Identification of the Taxable Income Elasticity

Blomquist, Soren - 2017

The taxable income elasticity is a key parameter for predicting the effect of tax reform or designing an income tax. Bunching at kinks and notches in a single budget set have been used to estimate the taxable income elasticity. We show that when the heterogeneity distribution is unrestricted the...

Persistent link: https://www.econbiz.de/10012940809

The Consumption Response to Income Changes

Jappelli, Tullio - 2010

restrictions that the theory imposes on the joint behavior of consumption and income growth, and combining realizations and …

Persistent link: https://www.econbiz.de/10013147962

Measuring How Risk Tradeoffs Adjust with Income

Evans, Mary F. - 2010

Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a …

Persistent link: https://www.econbiz.de/10013150841

Per-Capita Income as a Determinant of International Trade and Environmental Policies

Markusen, James R. - 2013

International trade policy analysis has tended to focus on the production side of general equilibrium, with policies such as a tariff or carbon tax affecting international and internal income distributions through a Heckscher-Ohlin nexus of factor intensities and factor endowments. Here I move...

Persistent link: https://www.econbiz.de/10013071509

Expansion of Trade at the Extensive Margin : A General Gains-from-Trade Result and Illustrative Examples

Markusen, James R. - 2010

) by adding newly traded goods and services and that much of this new trade is in intermediates. I provide an extension of …

Persistent link: https://www.econbiz.de/10013144508

Productivity Growth, Knowledge Flows, and Spillovers

Crespi, Gustavo - 2014

This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge flows to firm-level data on TFP growth. Our data measure the information flows often considered important, especially by policy-makers, such as from within the firm and from...

Persistent link: https://www.econbiz.de/10012751505

Marginal Jobs, Heterogeneous Firms, & Unemployment Flows

Elsby, Michael W. L. - 2010

This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The outcome is a rich, yet analytically tractable framework that can be used to analyze a broad set of features of both the cross section and the dynamics of the aggregate labor market....

Persistent link: https://www.econbiz.de/10012759553

On the Ills of Adjustment

Caballero, Ricardo J. - 2010

We analyze market impediments to the process of structural adjustment. We focus on incomplete-contract inefficiencies in the transactions between workers and firms that render the quasi-rents from 'specific' investment appropriable. During adjustment, the result is a depressed rate of creation...

Persistent link: https://www.econbiz.de/10012763723