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study the impact of two mechanisms on labor supply: (i) differences in marriage stability and (ii) differences in tax … systems. We calibrate the model to U.S. data and study how labor supply in the U.S. changes as we introduce European tax … tax mechanisms combined explain 58% of the variation in labor supply between the U.S. and the European countries in our …
Persistent link: https://www.econbiz.de/10010321445
I assess the macroeconomic and redistributive effects of tax reforms aimed at increasing tax revenue in Spain. To this … involves doubling the average effective tax rate on labor and business income for all individuals whose income is above a … threshold level. I find that this reform reduces the inequality in after-tax income, wealth, and consumption. However, it …
Persistent link: https://www.econbiz.de/10014496143
This paper computes the optimal progressivity of the income tax code in a dynamic general equilibrium model with …. A progressive tax system serves as a partial substitute for missing insurance markets and enhances an equal distribution … of economic welfare. These beneficial effects of a progressive tax system have to be traded off against the efficiency …
Persistent link: https://www.econbiz.de/10010298300
-amerikanische Earned Income Tax Credit und das deutsche Arbeitslosengeld II an. Die Autoren zeigen, dass das US-amerikanische Modell in …
Persistent link: https://www.econbiz.de/10011477694
Previous estimates of unfair inequality of opportunity (IOp) are only lower bounds because of the unobservability of the full set of endowed circumstances beyond the sphere of individual responsibility. In this paper, we suggest a new estimator based on a fixed effects panel model which...
Persistent link: https://www.econbiz.de/10011601037
payments and old-age provision. To integrate retirement benefits and their tax treatment, an intertemporal approach is used …A model is presented for simulating the tax burden on highly skilled manpower. The effective average tax rate, defined …. The results indicate a wide dispersion of tax rates across Europe and the US. Slovakia, Switzerland and the US tax highly …
Persistent link: https://www.econbiz.de/10010300176
democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution …, consumption levels are perfectly equalized within both generations. Second, a redistribution bias exists in favor of the old …
Persistent link: https://www.econbiz.de/10010275705
redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the … redistribution, especially in non-democratic countries. …
Persistent link: https://www.econbiz.de/10010278272
'the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.' That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014564012
The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the euro area than in the US, and though the US faces serious state-level fiscal crises. A higher level of fiscal federalism would strengthen the euro area, but is not inevitable....
Persistent link: https://www.econbiz.de/10010494443