Showing 91 - 100 of 5,123
' wage income. Firms' sales, particularly in areas heavily impacted by COVID-19, declined by 6.1% on average, inducing a … sales, employment, and wage income. Payroll tax revenues decreased due to government intervention, whereas sick pay … drastically increased. Average pre-tax labor income decreased by 5%, largely due to increased unemployment among part-time workers …
Persistent link: https://www.econbiz.de/10014310061
This paper aims to assess the extent to which top earners in Ecuador were affected by the COVID-19 crisis compared to other segments of the population. Our analysis uses administrative data for individuals affiliated to social security between January 2019 and December 2021. We identify the top...
Persistent link: https://www.econbiz.de/10013549884
The costs of population ageing are primarily reflected in larger expenditures on pensions and health care. This paper explores the consequences of ageing for the Netherlands in a baseline scenario simulated with a dynamic general equilibrium model. We discuss the sensitivity of the results under...
Persistent link: https://www.econbiz.de/10011408456
Official estimates of the budgetary effects of proposed federal legislation generally exclude behavioral responses that would have macroeconomic effects. In my view, including such effects — an approach known as “dynamic scoring” — in estimates for certain proposals would improve the...
Persistent link: https://www.econbiz.de/10013013674
The costs of population ageing are primarily reflected in larger expenditures on pensions and health care. This paper explores the consequences of ageing for the Netherlands in a baseline scenario simulated with a dynamic general equilibrium model. We discuss the sensitivity of the results under...
Persistent link: https://www.econbiz.de/10013320690
This paper surveys the theoretical and empirical literature on the relationship between taxation and public expenditure … and economic growth. Particular attention is paid to the effect of taxation and government expenditure on the supply and … infrastructure should have a positive impact on growth. By contrast, the impact of taxation on the supplies of labor and capital, and …
Persistent link: https://www.econbiz.de/10012782393
, improving the use of budget funds, conducting structural optimization of budget expenditures, further development of financial … the state (in general) and the budget (in particular) in regulation of social and economic processes. Based on the methods … of economic regression, the interrelations between government spending and GDP growth in different groups of countries …
Persistent link: https://www.econbiz.de/10012930622
The aim of this paper is to analyze the effects of discretionary measures of fiscal policy on the economic activity and to estimate the size of fiscal multipliers in Croatia. Econometric framework is based on the structural VAR model (SVAR), with Blanchard-Perotti identification method that uses...
Persistent link: https://www.econbiz.de/10013079784
This paper evaluates a novel form of fiscal stimulus: a temporary cut in the rate of Value Added Tax (VAT). In December 2008, the UK cut the standard rate of VAT by 2.5 percentage points for 13 months in an effort to stimulate spending. We estimate the effect of the cut on prices and spending...
Persistent link: https://www.econbiz.de/10010381367
Using survey evidence, I estimate the impact of a $12 billion package of household payments delivered in Australia between March and May 2009. Forty percent of households who said that they received the payment reported having spent it. This is approximately twice the spending rate that has been...
Persistent link: https://www.econbiz.de/10013155637