Showing 1 - 10 of 8,441
–can be welfare improving, because it increases the supply of labor and therefore (holding government spending constant …
Persistent link: https://www.econbiz.de/10010930722
The paper proposes a method to speed up the transition toward the notional contributions pension system in Italy. It seems the most appropriate manner to combine and pursue employment and financial sustainability goals. The method computes percentages for abating the old retributive pensions...
Persistent link: https://www.econbiz.de/10011112697
efficiency-enhancing redistribution improves everyone’s welfare including the welfare of those whose labor finances the …
Persistent link: https://www.econbiz.de/10005623542
This paper studies the redistribution effect of personal income tax in Pakistan. We decompose the overall tax system in order to evaluate the contribution of rate, allowances, deductions, exemptions and credits. The structure given in Income Tax Ordinance, 2001, is applied to gross household...
Persistent link: https://www.econbiz.de/10005078647
In most welfare analyses, especially in the literature on normative inequality measurement, it is a commonplace to … assume a direct relationship between the distribution of income and social welfare. As a result, this relationship is … formally summarized by a single function, called a reduced-form social welfare function. Hence, with reference to some transfer …
Persistent link: https://www.econbiz.de/10009643107
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, sustainable policies are those that will continue to attract enough political support in the future. We find that...
Persistent link: https://www.econbiz.de/10011168909
There is a long-standing controversy over the question of whether targeting social transfers towards the bottom part of … claimed that "the more we target benefits at the poor, the less likely we are to reduce poverty and inequality". The basic … empirical underpinning of this claim is a strong inverse relationship at the country level between social transfer targeting and …
Persistent link: https://www.econbiz.de/10010884086
Countries differ widely with respect to the level of labour income inequality among individuals of working age. Labour … income inequality is shaped by differences in wage rates, hours worked and inactivity rates. Individual labour income … inequality is the main driver of household market income inequality, with family formation as well as self-employment and capital …
Persistent link: https://www.econbiz.de/10009393776
A debate is raging over the taxation of private equity and hedge fund managers. It is being played out in the headlines, in Congress and among legal scholars. This paper offers a new analysis of the subject. We provide an analytical model that allows us to compare the relative risk-reward...
Persistent link: https://www.econbiz.de/10012725869
In this Article, I estimate the tax revenue effects of taxing private equity carried interests as ordinary income rather than as long-term capital gain as under current law. Under reasonable assumptions, I conclude that the expected present value of additional tax collections would be between 1...
Persistent link: https://www.econbiz.de/10012726368