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Business owners of privately held firms have multiple opportunities to decide how much taxable income to take out from their firm and how much to retain within the firm. However, undistributed profits within firms, i.e. retained earnings, are typically invisible in income data, distorting our...
Persistent link: https://www.econbiz.de/10014487348
In many countries, saving in a private pension is tax-advantaged to encourage saving for retirement; however, there is … saving to tax incentives for employees in England and Wales using employer-reported panel data on pension contributions … mixed evidence on the extent to which this increases saving. This paper estimates the responsiveness of private pension …
Persistent link: https://www.econbiz.de/10014372118
several labor and capital tax-subsidy combinations that decentralize the planner's growth rate. The optimal factor income tax … explains why many advanced economies experiencing similar growth rates have widely varying factor income tax rates …. -- Investment Specific Technological Change ; Endogenous Growth ;Factor Income Taxation ; Welfare ; First best fiscal policy …
Persistent link: https://www.econbiz.de/10009722010
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politicians. Citizens are the only producers of a single good and choose the proportion of their income to declare to the tax … authorities. Politicians decide upon the allocation of the tax revenue between environmental protection and education activities …, one associated with high and another with low corruption. Corrupted politicians induce high levels of tax evasion …
Persistent link: https://www.econbiz.de/10008903420
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10008728830
This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices...
Persistent link: https://www.econbiz.de/10008809693
Many predictions and conclusions in climate change literature have been made on the basis of theoretical analyses and quantitative models that assume exogenous technological change. One may wonder if those policy prescriptions hold in the more realistic case of endogenously evolving...
Persistent link: https://www.econbiz.de/10011589830
There is a long-standing debate on the relationship between economic development and environmental quality. From a sustainable development viewpoint there has been a growing concern that the economic expansion of the world economy will cause irreparable damage to our planet. In the last few...
Persistent link: https://www.econbiz.de/10011592727