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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
reduction, and other policy objectives such as employment and productivity growth as well as macroeconomic resilience. Informed …
Persistent link: https://www.econbiz.de/10012202943
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Life-cycle risk-taking with personal disaster risk
Bagliano, Fabio C.; Fugazza, Carolina; Nicodano, Giovanna - 2021
This paper examines households' self-insurance in financial markets when a rare personal disaster, such as disability or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment choices, even if most workers will not experience a disaster....
Persistent link: https://www.econbiz.de/10012793436
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Impact of FDI on economic growth : the role of country income levels and institutional strength
Baiashvili, Tamar; Gattini, Luca - 2020
Foreign direct investment (FDI) is generally considered a driving factor to economic growth. Nevertheless, empirical … evidence is rather mixed, reporting a positive, neutral, or even negative relationship of FDI with growth. Our investigation … concentrates on the impact of FDI inflows on growth and their effect mediated by income levels and the quality of the institutional …
Persistent link: https://www.econbiz.de/10012164555
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Selected aspects of household savings in Germany : evidence from micro-data
Kolerus, Christina Elisabeth; Koske, Isabell; Hüfner, Felix - 2012
This paper uses household level data from the German Socio-Economic Panel (GSOEP) over the period 1991 to 2008 to analyse the driving factors of movements in the German household savings rate. Specifically, it analyses the impact of the precautionary savings motive and the impact of the 2002...
Persistent link: https://www.econbiz.de/10009696504
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Micro-founded tax policy effects in a heterogeneous-agent macro-model
D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2019
Microsimulation models are increasingly used to calibrate macro models for tax policy analysis. Yet, their potential remains underexploited, especially in order to represent the non-linearity of the tax and social benefit system and interactions between capital and labour incomes which play a...
Persistent link: https://www.econbiz.de/10011994639
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EDGE-M3: a dynamic general equilibrium micro-macro model for the EU member states
D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2020
This paper provides a technical description of the overlapping generations model used by the Joint Research Centre to analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies in its high level of disaggregation and the close...
Persistent link: https://www.econbiz.de/10012241664
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Taxing income or consumption: macroeconomic and distributional effects for Italy
D'Andria, Diego; DeBacker, Jason; Evans, Richard W.; … - 2021
We study a set of tax reforms introducing a budget-neutral tax shift in Italy, from labour income to consumption taxes. To this end we use a microsimulation model to provide the output with which to estimate the parameters of tax functions in an overlapping-generations computable general...
Persistent link: https://www.econbiz.de/10012705235
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Pension schemes in the European Union : challenges and implications from macroeconomic and financial stability perspectives
Sánchez Serrano, Antonio; Peltonen, Tuomo - 2020
rates, low growth and low productivity) are raising concerns about the sustainability of pension schemes over the long term …
Persistent link: https://www.econbiz.de/10012243471
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The macroeconomic implications of the European Social Fund : an impact assessment exercise using the RHOMOLO model
Sakkas, Stylianos - 2018
. However, GDP and employment growth are not the main objectives of the policy. Given the wage benefits and productivity …
Persistent link: https://www.econbiz.de/10011981433
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The third pillar of the Investment Plan for Europe : an impact assessment using the RHOMOLO model
Christensen, Martin; Conte, Andrea; Di Pietro, Filippo; … - 2018
We evaluate the macroeconomic impact of the legislative proposals contained in the third pillar of the Investment Plan for Europe using the RHOMOLO modelling framework. In particular, we study a number of proposals related to the Capital Markets Union, the Single Market Strategy, the Digital...
Persistent link: https://www.econbiz.de/10011981455