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In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...
Persistent link: https://www.econbiz.de/10005642399
Persistent link: https://www.econbiz.de/10004998566
accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … may be expected to play a substantial role in reducing unemployment, encouraging labour force participation, promoting …
Persistent link: https://www.econbiz.de/10008520144
This paper evaluates the inflation effect of recent VAT rate changes in Latvia by using CPI micro data. Our findings suggest that the pass-through of the tax rate to consumer prices is strong in case of upward tax adjustments, especially when there are no demand restrictions, while the...
Persistent link: https://www.econbiz.de/10010944599
This study provides a detailed and easy-to read overview of the railway liberalisation in Belgium and the three neighbouring countries. The European Union's liberalisation Directives are often complex and are implemented in very specific ways in the different Member States. The analysis goes...
Persistent link: https://www.econbiz.de/10011272824
The welfare cost of imperfect competition in the product and labor markets in the United States is quantified in a dynamic general equilibrium model. We find that the welfare cost of imperfect competition in the product market is 3.62 percent while it is 0.58 percent in the labor market, taking...
Persistent link: https://www.econbiz.de/10005085590
Given a general utility function and income distribution, we compare two systems of income redistribution: unemployment … first focus on extensive margins of labor supply. For any given unemployment level, lowering UB and raising BI always … benefits the unemployed, raises utilitarian welfare and benefits a poor majority. Reducing unemployment and UB simultaneously …
Persistent link: https://www.econbiz.de/10009211054
La motivación fundamental de esta investigación ha radicado en revisar las posibilidades que manejan los entes públicos en el diseño de instrumentos de financiación basados en el principio del beneficio. Numerosos bienes y servicios públicos son suministrados a cambio de una...
Persistent link: https://www.econbiz.de/10005770906
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...
Persistent link: https://www.econbiz.de/10005775209
Should two–band income taxes be progressive given a general income distribution? We provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If we maximize total...
Persistent link: https://www.econbiz.de/10004972940