Showing 1 - 10 of 157
This paper empirically studies the effects of fiscal policy shocks on private consumption. Further, it tries to determine if the initial conditions of the economy, such as the financing needs of the government or previous fiscal deficits, affect that relationship. We use yearly data between 1970...
Persistent link: https://www.econbiz.de/10013208449
In this paper, I examine the trends of fiscal transfers between the state and workers during 1959 - 2012 to understand the net impact of redistributive policy in the United States. This paper presents original net social wage data from and analysis based on the replication and extension of...
Persistent link: https://www.econbiz.de/10011788921
factors driving the shadow economy are unemployment and taxation. Analyzing the interaction between shadow and official …
Persistent link: https://www.econbiz.de/10010294527
The paper develops a two-sector general equilibrium search model where goods are produced exclusively in the market and services are produced both in the market and within the households. We use the model to examine how unemployment and welfare are affected by labor taxes in general and sectoral...
Persistent link: https://www.econbiz.de/10010321719
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor earnings are neutral with respect to unemployment as long as the tax does not affect the replacement rate provided by unemployment insurance, i.e., unemployment benefits relative to after-tax...
Persistent link: https://www.econbiz.de/10010321777
. The most important factors driving the shadow economy are indirect taxation and unemployment. Analyzing the interaction …
Persistent link: https://www.econbiz.de/10010368276
In 1905, Georg Friedrich Knapp published The State Theory of Money in his native German, claiming that money is a "creature of law" and not connected to metals via some intrinsic value. When the English translation appeared in 1924, apparently at the wishes of John Maynard Keynes, the German...
Persistent link: https://www.econbiz.de/10011984407
This paper analyses the pre-tax inequality in the income that individuals actually receive in Brazil and the role of the personal income tax in regulating these incomes. We produce a new distributional series of fiscal income, consistently combining annual and nationally representative household...
Persistent link: https://www.econbiz.de/10012030391
existing literature on its distributive role and its efficiency. The findings point to inefficient taxation that is still very … taxation of goods and services through the creation of a value-added tax (VAT) and changes in payroll so as to make it tax …-exempt. Five pathways are suggested to improve fiscal injustice: a reduction of indirect taxation; changes to the rates and …
Persistent link: https://www.econbiz.de/10012030406
Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which instruments should they use? Answering these questions requires understanding why people save. Dynamic quantitative models of wealth inequality can help us to understand and quantify...
Persistent link: https://www.econbiz.de/10011927990