Due to its overwhelming significance among taxes on earnings in the agricultural and forestry sector, the analyses are primarily concentrated on the international comparison of effective income tax burden in the selected EU Member States as well as Canada, the United States and Japan. In this...

We use Bayesian time-varying parameters VARs with stochastic volatility to investigate changes in the marginal predictive content of the yield spread for output growth in the United States and the United Kingdom, since the Gold Standard era, and in the Eurozone, Canada, and Australia over the...

Using annual data from 14 European Union countries, plus Canada, Japan and the United States, we evaluate the macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess the extent of crowding-in or crowding-out of both...

This paper focuses on risk premiums paid by central governments in Europe and sub-national governments in Germany, Spain, and Canada. With regard to the European governments, we are interested in how these premiums were affected by the introduction of the euro. Using data for bond yield spreads...

Problems of the systems for protecting the elderly have become pressing on a world wide scale albeit for different reasons. In many industrialized countries with mature systems the share of GDP that is redistributed via the mandatory pension system is criticized as being too high. High...

This paper presents stylized facts about the effect of children on household disposable income and its components (the 'income package') in nine OECD countries, employing data from the Luxembourg Income Study database. We find that cross-national differences in the impact of children on...

We analyze the impact of the state on the incidence of poverty in the working-age population of 14 advanced capitalist democracies between 1970 and 1997 using an unbalanced panel design. We utilize poverty measures based on micro-level data from the Luxembourg Income Study in conjunction with...

In this paper I assess the extent to which welfare states reduce poverty among single mothers and all mothers. I focus on two different typologies of welfare states. One identifies the gendered assumptions underlying social policies, while the other focuses on how welfare states and labor...