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allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10009429918
and Facts The basic model: the consumption/saving choice Allowing for a labor/leisure choice (the RBC model) Allowing for …
Persistent link: https://www.econbiz.de/10009433258
and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing …
Persistent link: https://www.econbiz.de/10009433264
This dissertation presents a series of three essays that examine the functional form of the U. S. federal income tax and its implications. In the first essay we introduce the convex functional form of the income tax which we believe is superior to the standard income-proportional form. We also...
Persistent link: https://www.econbiz.de/10009431190
This article discusses probably the most significant obstacle to the adoption of a consumption tax: the negative effects on existing wealth that the transition from the income tax to most forms of a consumption tax would have. The Congressional Budget Office in its 1997 study posed the question,...
Persistent link: https://www.econbiz.de/10009432056
The article builds on the Hall-Rabushka Flat Tax and proposes a consumption tax called the “E Tax,” which is an electronically collected credit invoice VAT. The Hall-Rabushka Flat Tax is a two-tier consumption tax that is based on a subtraction method VAT. The Hall-Rabushka nuance, however,...
Persistent link: https://www.econbiz.de/10009432057
In many countries small businesses expect and generally receive special treatment, concessions or arrangements regarding taxation compared with medium and large business. Such policies are based primarily upon the role and importance of small business in economic growth and especially job...
Persistent link: https://www.econbiz.de/10009434941
Launched in 1994, the Massachusetts Economic Development Incentive Program (EDIP) is a state and local partnership designed to relieve unemployment, redevelop blighted commercial districts and promote economic growth by providing tax incentives for businesses relocating or expanding in...
Persistent link: https://www.econbiz.de/10009460809
It is well known by now that population ageing threatens the sustainability of fiscal policies in many countries. Although a number of policy options are available to address the problem, the uncertainty surrounding the future development of the population complicates matters. This paper...
Persistent link: https://www.econbiz.de/10009463732
The EU has ambitious goals for economic performance. The goals are to be reached in combination with social cohesion and environmentally sustainable development. The main economic policy instruments to be used by the EU member states are taxes and benefits. The economic and political framework...
Persistent link: https://www.econbiz.de/10009463783