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Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation
Krueger, Dirk; Ludwig, Alexander - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2013
. Progressive labor income taxes provide social insurance against idiosyncratic income risk and redistributes after tax income among … policy is indeed characterized by a substantially progressive labor income tax code and a positive subsidy for college … education. Both the degree of tax progressivity and the education subsidy are larger than in the current U.S. status quo. …
Persistent link: https://www.econbiz.de/10010862052
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Endogenous Redistributive Cycles An Overlapping Generations Approach to Social Conflict and Cyclical Growth
Clemens, Christiane; Heinemann, Maik - 2005
asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax-transfer-scheme. The …
Persistent link: https://www.econbiz.de/10005526865
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Government size and business cycle volatility: How important are credit constraints?
Leibrecht, Markus; Scharler, Johann - 2012
In this paper we analyze how the availability of credit influences the relationship between government size as a proxy for fiscal stabilization policy and the amplitude of business cycle fluctuations in a sample of advanced OECD countries. Interpreting relatively low loan-tovalue ratios as an...
Persistent link: https://www.econbiz.de/10010294478
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Endogenous redistributive cycles: an overlapping generations approach to social conflict and cyclical growth
Clemens, Christiane; Heinemann, Maik - 2005
asset markets and heterogeneous agents, where agents vote on the degree of progressivity in the tax.transfer.scheme. The …
Persistent link: https://www.econbiz.de/10010265108
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On the effects of redistribution on growth and entrepreneurial risk taking
Clemens, Christiane; Heinemann, Maik - 2005
Persistent link: https://www.econbiz.de/10010265109
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E-stability and stability of adaptive learning in models of asymetric information
Heinemann, Maik - 2007
The paper demonstrates how the Estability principle introduced by Evans and Honkapohja can be applied to models with heterogeneous and private information in order to assess the stability of rational expectations equilibria under learning. The paper extends already known stability results for...
Persistent link: https://www.econbiz.de/10010265163
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Social Security and the Interactions Between Aggregate and Idiosyncratic Risk
Harenberg, Daniel; Ludwig, Alexander - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2014
literature, which studies one risk in isolation. We show that jointly modeling both risks is crucial: 60% of the welfare benefits …
Persistent link: https://www.econbiz.de/10010755903
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On the Effects of Redistribution on Growth and Entrepreneurial Risk-Taking
Clemens, Christiane; Heinemann, Maik - 2005
growth, nonñlinear tax schemes are partly capable of compensating the negative by effects by ex post providing a social …
Persistent link: https://www.econbiz.de/10005545311
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Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model
Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2014
We develop a macroeconomic model where the government does not guarantee to repay debt. We ask whether movements in the price of government bonds can be rationalized by lenders' unwillingness to fully roll over debt when the outstanding level of debt exceeds the government's repayment capacity....
Persistent link: https://www.econbiz.de/10010796433
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Governmental debt, interest policy, and tax stabilization in a stochastic OLG economy
Hillebrand, Marten - Fakultät für Wirtschaftswissenschaften, Karlsruhe … - 2011
generically converge to debtless eauilibria are typically inefficient. It is shown that this may be overcome by a tax on labor …
Persistent link: https://www.econbiz.de/10008839442