This paper analyzes the tax penalty on volatile personal income under progressive tax rates. The phenomenon may have an effect on long-term entrepreneurial decisions as well as risky occupational choice. An options-based model is used to estimate the expected effective rate due from tax-payers...

This work presents 3 case studies from the Czech Republic based on a long term qualitative research. The main issue under study is a description of peripheral municipalities and their neighbors in terms of everyday life, history and future of these places.

The paper provides an exploratory analysis of regional dynamics among 264 NUTS2 EU-27 regions over the period 1992-2006. Seven different regional indicators are analyzed including wages, household expenditures, retail sales, investments, productivity, GDP, and GDP adjusted for international...

This essay examines the influence of income differentiation on private consumption. The author illustrates how to derive the total demand on individual goods from curves describing the income differentiation within the population (e.g., Lorenz) and the Engel curve. This model is later used to...

Sociální pøíjmy a danì významnì pùsobí na rozdìlení pøíjmù ve spoleènosti. Zkoumání jejich redistribuèní funkce je proto tøeba vìnovat dostateènou pozornost. Porovnání rozdìlení hrubého a èistého pøíjmu ukazuje, zda je systém daní a sociálních dávek...

This paper uses a specific experiment — „voucher privatization“ in the former Czechoslovakia — to test the permanent income hypothesis of consumer behavior. Voucher privatization (the mass privatization of state-owned assets through publicly offered vouchers) led to an unexpected...

Cílem èlánku je ukázat zmìny v redistribuci na úrovni domácností. V první èásti využíváme šetøení u obyvatelstva k analýze vývoje pøerozdìlování po roce 1989 a k analýze jeho faktorù. Ve druhé èásti se vìnujeme kontextu sociální struktury a na datech...

Panel data are a result of repeating observations of a group of units, e.g. households, firms, but also whole economies with some common characteristics as EU15, transition economies a . s. o. So, more details are available enabling to analyze a changing economic structure and its reasoning....

Panel data are specific data where cases are observed at two or more time periods. This approach brings many advantages: larger dataset, decreasing collinearity between exogenous variables and using advanced econometric models. The panel data models were applied to data from the Household Budget...

Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of...