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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 income distributions generated by our model replicate the...
Persistent link: https://www.econbiz.de/10011317719
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 distributions generated by our model replicate the...
Persistent link: https://www.econbiz.de/10011296121
A two-sector incomplete markets model with heterogeneous agents can be used to study the distributional effects of the COVID-19 lockdown. While negative aggregate welfare effects of the lockdown are unavoidable, the size of aggregate welfare effects as well as the distribution of the welfare...
Persistent link: https://www.econbiz.de/10012234494
industries of employment. We calibrate the model to data from New Zealand, where the health effects of the pandemic were … prevents job losses equivalent to 6.5% of steady state employment. Moreover, we find significant heterogeneity in its impact … enables greater consumption smoothing across employment states …
Persistent link: https://www.econbiz.de/10013248525
economic dimension of the model through various channels such as employment and consumption demand. We show that under a …
Persistent link: https://www.econbiz.de/10013314800
economic dimension of the model through various channels such as employment and consumption demand. We show that under a …
Persistent link: https://www.econbiz.de/10012387645
dynamics--but not employment dynamics--during the pandemic. Second, benefit expansions allow us to study the MPC of normally …
Persistent link: https://www.econbiz.de/10013361970
This paper investigates the impact of tourism policy on employment, using the Tourism Development Policy (TDP … tourism employment in Salta by an average of 11 percent per year, for an overall impact of around 112 percent between 2003 and …
Persistent link: https://www.econbiz.de/10011290060
employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
Persistent link: https://www.econbiz.de/10011413675
care for a spouse has not been studied widely. We examine the effects of California's law on the employment of workers who … the paid leave program increased the employment of 45-64 year old women with a disabled spouse in California by around 0 …, with a 2.9 percentage point rise in private sector employment. The employment of men with a disabled spouse in California …
Persistent link: https://www.econbiz.de/10012518215