In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the … uncertainty about prices risk-averse producers are hypothesized to be reluctant to employ inputs with the additional effect of too … low wages and too high output prices. Our results support this hypothesis of a `risk-compensated price-mechanism'. We also …

tax rate choices in line with both payoff maximization and other-regarding preferences. Notably, our data is not … manipulating how subjects are assigned to a given level of pre-tax income, we vary the individual entitlements. We find a … difference in the willingness to redistribute income when comparing the treatment where pre-tax income is assigned by relative …

Traditional models of capital budgeting including taxes are based on deterministic tax rates and tax bases. In reality …, however, there are multiple sources of tax uncertainty. Tax reforms induce frequent changes in both tax rates and tax bases …, making future taxation of investments a stochastic process. Fiscal authorities and tax courts create additional tax …

Tax legislation, fiscal authorities, and tax courts create tax uncertainty by frequent tax reforms and various … different interpretations of the tax law. Moreover, investors generate model-specific tax uncertainty by using simplified models … that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill …-specific tuition fees. Educational risk of failure and inequality between skilled and unskilled workers are mitigated ex ante by …

This paper discusses methods to quantify risk and uncertainty in macroeconomic forecasts. Both, parametric and non … macroeconometric model of the Bundesbank for Germany. Forecast intervals that integrate judgement on risk and uncertainty are obtained. …