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Political fragmentation and fiscal policy: Evidence from German municipalities
Bernard, René - 2017
The government fragmentation hypothesis (GFH) states that coalition governments spend more than single-party governments due to an underlying common pool problem. Using a large panel data set on 604 local governments in the German state of Baden-Württemberg for the 1994-2014 period, I test the...
Persistent link: https://www.econbiz.de/10011730813
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Capital decay and tax distortions: How to abandon exponential decay and benefit from it
Biørn, Erik - 2009
and tax-permitted depreciation, is considered. Both convex and concave survival functions can be accommodated. Three …-relevant accounting capital and true depreciation, (ii) mis-indexation of depreciation allowances, (iii) incomplete deductibility of …-exponential depreciation schedules are forced, by 'approximation devices', to fit into the exponential decay schedule. …
Persistent link: https://www.econbiz.de/10010275647
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Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries
Nam, Chang Woon; Radulescu, Doina Maria - In: CESifo DICE Report 01 (2003) 2, pp. 52-55
Persistent link: https://www.econbiz.de/10011696432
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Interpreting sustainability in economic terms: Dynamic efficiency plus intergenerational equity
Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot - 2002
Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of “sustainability.” We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in...
Persistent link: https://www.econbiz.de/10011335736
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Intergenerational altruism and transfers of time and money: a life cycle perspective
Bolt, Uta; French, Eric; Hentall-MacCuish, Jamie; … - 2023
Parental investments significantly impact children's outcomes. Exploiting panel data covering individuals from birth to retirement, we estimate child skill production functions and embed them into an estimated dynastic model in which altruistic mothers and fathers make investments in their...
Persistent link: https://www.econbiz.de/10014480401
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Trading Off Generations: Infinitely-Lived Agent Versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10011753192
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Trading off generations: Infinitely-lived agent versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10010316064
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The Contribution of Foreign Borrowing to the New Zealand Economy
Makin, Anthony; Zhang, Wei; Scobie, Grant - 2008
New Zealand's unrelenting current account deficits, its trade performance and high external debt level remain central to ongoing economic policy debates. However, what has been overlooked in the discussion of New Zealand's economic relations with its trading partners is the positive contribution...
Persistent link: https://www.econbiz.de/10012115608
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Household Debt in New Zealand
Henderson, Katherine; Scobie, Grant M. - 2009
In recent years, the total debt of the household sector has risen appreciably. This has led to concerns about "excessive" borrowing, and to the possibility that some households may have become unduly vulnerable in the event of unexpected shocks. This paper draws on both aggregate and household...
Persistent link: https://www.econbiz.de/10012115612
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Saving Rates of New Zealanders: A Net Wealth Approach
Scobie, Grant M.; Henderson, Katherine - 2009
Reliable estimates of actual household saving rates in New Zealand have proved elusive as existing sources of data have in the past given disparate estimates, making it difficult to reach a consensus of the real rate of household saving. For the first time in New Zealand, however, longitudinal...
Persistent link: https://www.econbiz.de/10012115613