that should be borne in mind when using it and interpreting results. -- microsimulation ; redistribution ; tax … microsimulation model of taxes and benefits in the EU. After giving a brief account of the process of constructing EUROMOD, we present …

study the impact of two mechanisms on labor supply: (i) differences in marriage stability and (ii) differences in tax … systems. We calibrate the model to U.S. data and study how labor supply in the U.S. changes as we introduce European tax … tax mechanisms combined explain 58% of the variation in labor supply between the U.S. and the European countries in our …

fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even …

of factors including the growth of income support, healthcare inflation, neoliberal tax reforms, and macroeconomic …

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general … equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and … statutory top marginal tax rate from 35 to 70 percent and redistribute the additional tax revenue among households, either by …

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general … equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income … tax rate from 35 to 70 percent and redistribute the additional tax revenue among households, either by decreasing all …

Ravn (2013), we show that inferences cannot be made about the effects of tax changes on output, labor, or investment. …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a … narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak … employment are much less affected. In contrast, personal income tax cuts trigger a short-lived boost to GDP, productivity and …