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EDGE-M3: a dynamic general equilibrium micro-macro model for the EU member states

D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2020

This paper provides a technical description of the overlapping generations model used by the Joint Research Centre to analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies in its high level of disaggregation and the close...

Persistent link: https://www.econbiz.de/10012241664

Consumption and hours between the United States and France

Fang, Lei; Yang, Fang - 2021

We document large differences between the United States and France in allocations of consumption expenditures and time by age. Using a life-cycle model, we quantify to what extent tax and transfer programs and market and home productivity can account for the differences. We find that while labor...

Persistent link: https://www.econbiz.de/10012425267

The heterogeneous effects of government spending : it's all about taxes

Ferriere, Axelle; Navarro, Gaston - 2018

This paper investigates how government spending multipliers depend on the distribution of taxes across households. We … when financed with more progressive taxes, and zero otherwise. We rationalize this finding within a heterogeneous …-income earners. In turn, spending financed with more progressive taxes induces a smaller crowding-out, and thus larger multipliers …

Persistent link: https://www.econbiz.de/10011917433

Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus

Miranda-Pinto, Jorge - 2020

We document that the interest rate response to fiscal stimulus (IRRF) is lower in countries with high inequality or high household debt. To interpret this evidence we develop a model in which households take on debt to maintain a consumption threshold (saving constraint). Now debt-burdened,...

Persistent link: https://www.econbiz.de/10012849875

Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus

Miranda-Pinto, Jorge - 2020

Persistent link: https://www.econbiz.de/10012840260

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

Persistent link: https://www.econbiz.de/10014023678

Taxing Privilege More Effectively : Replacing the Estate Tax with an Inheritance Tax

Batchelder, Lily L. - 2020

lower taxes on heirs receiving smaller inheritances and those with moderate incomes, making the tax system better attuned to …

Persistent link: https://www.econbiz.de/10012705847

Should Income Inequality Be Praised? Multiple Public Goods Provision, Income Distribution and Social Welfare

Itaya, Jun-ichi - 2017

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...

Persistent link: https://www.econbiz.de/10012965708

Should income inequality be praised? : multiple public goods provision, income distribution and social welfare

Itaya, Jun-ichi; Mizushima, Atsue - 2016

Persistent link: https://www.econbiz.de/10011568762

Chapter 1 Introduction to the Economics of Giving, Altruism and Reciprocity

Kolm, Serge-Christophe - In: Handbook of the economics of giving, altruism and …, (pp. 1-122). 2006

Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies, through their various occurrences: in families; among the diverse motives of the political and public sector; as the general respect and moral conduct which permit life in...

Persistent link: https://www.econbiz.de/10014023682