Showing 1 - 10 of 43
This paper extends behavioural microsimulation modelling so that third round effects of a policy change can be simulated. The first round effects relate to fixed hours of work, while second round effects allow for changes in desired hours of work at unchanged wages. These allow for endogenous...
Persistent link: https://www.econbiz.de/10010292989
It is important for the design of tax policy to be able to measure reliably the income elasticity of tax revenue. This gives the extent to which tax revenues change as a result of a change in earnings. Analytical expressions for income tax revenue elasticities treat earnings as exogenous, so...
Persistent link: https://www.econbiz.de/10012115509
This paper constructs an endogenous growth model, applicable largely to developing countries, based on human capital accumulation in which education is publicly provided and financed, and schooling is compulsory. Public investment in human and physical capital are financed from taxes on wage and...
Persistent link: https://www.econbiz.de/10012115511
It is widely recognised that as the population ages there will be potentially significant implications for a wide range of economic variables, including in particular the fiscal costs of social expenditures. Long term fiscal planning requires estimates of the possible future path of public...
Persistent link: https://www.econbiz.de/10012115515
This paper provides estimates of individual and aggregate revenue elasticities of income and consumption taxes in New Zealand, based on the 2001 tax structure and expenditure patterns. Using analytical expressions for revenue elasticities at the individual and aggregate levels, together with a...
Persistent link: https://www.econbiz.de/10012115522
The aim of this paper is to illustrate some of the complexities involved in modelling the incentive effects of taxes and transfers, using only basic diagrammatic methods. It describes a range of diagrams which are helpful in thinking about the design of tax and transfer systems and their...
Persistent link: https://www.econbiz.de/10012115525
This paper considers whether an equivalence scale implicit in transfer policy can be inferred from summary measures of reranking (whereby the rank order of pre-tax incomes is different from that of the post-tax distribution). It is conjectured that, if the government has a distributional...
Persistent link: https://www.econbiz.de/10012115528
This paper describes a range of ‘minimum distance' methods used to compute new weights for large cross-sectional surveys used in microsimulation modelling. Extraneous information about a range of population variables is used for calibration purposes. An iterative solution procedure is...
Persistent link: https://www.econbiz.de/10012115534
The assumption behind discrete hours labour supply modelling is that utility-maximising individuals choose from a relatively small number of hours levels, rather than being able to vary hours worked continuously. Such models are becoming widely used in view of their substantial advantages,...
Persistent link: https://www.econbiz.de/10012115537
The 'excess burden' of taxation represents an efficiency loss which must be compared with any perceived gains arising either from income redistribution or the non-transfer expenditure carried out by the government. An important property is that, under certain assumptions, it increases...
Persistent link: https://www.econbiz.de/10012115546