social protection system (i.e., a reconfiguration of transfers); and (2) the elimination of the current social security … payroll tax to replace it with a generalized VAT (i.e., a reconfiguration of taxes). The authors find that this reform …, and generates a substantial change in occupational choices that favors wage earners. As a result, wages (before transfers …

Canada’s current system of fiscal federalism, which results in very large transfers of resources from have provinces to … transfer aspects of the program, and a shift in the tax system from business income to consumption by reducing corporate taxes …

decline in the national pool of savings. However, taxes on retirement benefits affect the discounted value thereof and any …

To fulfill their tasks, governments rely on public expenditures and taxes. Both influence the incentives and shape the … expenditures and taxes as well as the fiscal stance seem to have some effect in the short run, their long-run implications cannot …