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We evaluate a temporary public sector employment program targeted at individuals with weak labor market attachment, applying dynamic inverse probability weighting to account for dynamic selection. We show that the program is successful in increasing employment and reducing social assistance....
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We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
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This paper shows that a transaction tax makes trades in decentralized markets more information sensitive and enlarges the range of information costs for which the equilibrium exhibits private information acquisition and endogenous adverse selection. A transaction tax reduces the probability of...
Persistent link: https://www.econbiz.de/10013259519
We study the impact of a fully-funded social security system in an economy with heterogeneous consumers. The unobservability of individual health conditions leads to adverse selection in the private annuity market. Introducing social security - which is immune to adverse selection - affects...
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This paper analyzes optimal nonlinear income and inheritance taxation by incorporating two types of models that were … information environment we characterize optimal income and inheritance taxation. This paper shows that, contrary to the general … perception that inheritance taxation should be progressive to some extent, the expected tax liability of those who have a higher …
Persistent link: https://www.econbiz.de/10001803441
Gift tax has been in the Ghanaian Tax Laws since 1975 but collection from this source is very limited. Information asymmetry is a major problem since many potential recipients of taxable gifts are not aware of the tax. Double taxation is now a serious debate when discussing gift tax. Tax...
Persistent link: https://www.econbiz.de/10013132356