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Rolling back the public sector : differential effects on employment, investment and growth
Ploeg, Frederick van der - 2003
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax … credits and the income tax rate induces an investment boom as well. The effects of endogenous growth, adjustment costs for …
Persistent link: https://www.econbiz.de/10011506465
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Rolling Back the Public Sector : Differential Effects on Employment, Investment, and Growth
van der Ploeg, Rick - 2010
than a lump-sum subsidy, both cutting public employment and cutting public spending on market goods induce an investment … boom. Making the tax system less progressive by cutting tax credits and the labour income tax rate induces an investment … boom as well. The effects of endogenous growth, adjustment costs for investment, and non-Walrasian labour markets on these …
Persistent link: https://www.econbiz.de/10012760868
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Rolling back the public sector : differential effects on employment, investment and growth
Ploeg, Frederick van der - 2003
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax … credits and the income tax rate induces an investment boom as well. The effects of endogenous growth, adjustment costs for …
Persistent link: https://www.econbiz.de/10001775081
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Rolling back the public sector : differential effects on employment, investment, and growth
Ploeg, Frederick van der - In: Oxford economic papers 58 (2006) 1, pp. 103-122
Persistent link: https://www.econbiz.de/10003272323
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Rolling back the public sector : differential effects on unemployment, investment and growth
Ploeg, Frederick van der - 2005
Persistent link: https://www.econbiz.de/10013424587
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Trade-Offs in Means Tested Pension Design
Tran, Chung - 2011
Inclusion of means testing into age pension programs allows governments to better direct benefits to those most in need and to control funding costs by providing flexibility to control the participation rate (extensive margin) and the benefit level (intensive margin). The former is aimed at...
Persistent link: https://www.econbiz.de/10013119815
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Employment and Growth Effects of Tax Reforms
Michaelis, Jochen; Birk, Angela - 2004
This paper explores how revenue-neutral tax reforms impact employment and economic growth in a model of endogenous growth and search frictions on the labor market. We analyze how savings and the incentive to create new jobs are affected by tax swaps between wage income taxes, payroll taxes,...
Persistent link: https://www.econbiz.de/10014070386
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Employment and Growth Effects of Tax Reforms in a Growth-Matching Model
Birk, Angela; Michaelis, Jochen - 2003
This paper explores how revenue-neutral tax reforms impact employment and economic growth in models of exogenous and endogenous growth and search frictions on the labor market. We show that (i) a cut in the payroll tax financed by an increase in the wage tax lowers both equilibrium employment...
Persistent link: https://www.econbiz.de/10014095062
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Speculative Growth : Hints from the U.S. Economy
Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004
with a low effective cost of capital based on optimism about the future availability of funds for investment. The key to …
Persistent link: https://www.econbiz.de/10014100918
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Fiscal Austerity as the Achilles’ Heel to Socio-Economic Prosperity
Stournaras, Christos F. - 2012
Fiscal consolidation is used as a synonym for austerity much as debt restructuring is used as a euphemism for partial repudiation. Inside the political arena of international economics, the nomenclature of government officials in policy debates adopts colorful terminology, such as healthy public...
Persistent link: https://www.econbiz.de/10013103649