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We analyse the distributional effects of increased oil excises in Belgium by combining a regional Computable General Equilibrium (CGE) model with a microsimulation framework that exploits the rich detail of household-level data. The results suggest that policymakers face an equity-efficiency...
Persistent link: https://www.econbiz.de/10011534699
redistribution and addressing its pitfalls requires in-depth investigations by population segment. …
Persistent link: https://www.econbiz.de/10012422563
We look at the effect of domestic redistribution policy on offshoring in an asymmetric two country model of … monopolistic competition, heterogeneous firms and occupational choice. The redistribution scheme is modeled by a combination of a … progressive income tax and a lump-sum transfer. We find that the redistribution scheme lowers the degree of globalization measured …
Persistent link: https://www.econbiz.de/10013338060
This paper uses a simple model based on the board game Monopoly to analyze the drivers of house prices and wealth inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house prices are stable; rising house prices imply more...
Persistent link: https://www.econbiz.de/10012268409
We develop a model of a city populated by heterogeneous agents. Agents self-select into entrepreneurship, and entrepreneurs set up firms which hire workers. We characterize the equilibrium matching between firms and workers, as well as the within-city assignment of agents to locations. We then...
Persistent link: https://www.econbiz.de/10011491203
Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many countries. Such longevity gaps affect the actuarial fairness and progressivity of public pension systems. However, behavioral responses to longevity and policy complicate...
Persistent link: https://www.econbiz.de/10012314266
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed, and to increase incentives to work by lowering the tax burden on labour, which is especially high in Germany according to the OECD. The purpose of this paper is therefore to...
Persistent link: https://www.econbiz.de/10012419216
The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...
Persistent link: https://www.econbiz.de/10012421506
This paper examines the effects of unilateral tax policy in the open economy. We construct a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We find that in contrast to a symmetric country set-up the share of exporting firms is endogenous. We show that...
Persistent link: https://www.econbiz.de/10012296408
Creating distributional national accounts (DINA; e.g. Piketty, Saez, and Zucman 2018) requires the allocation of all government expenditure to individuals in order to compute their post-tax, post-transfer income. A sizeable part of government expenditure is in-kind spending, either in the form of...
Persistent link: https://www.econbiz.de/10013328611