France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

This paper presents a comprehensive work-leisure model designed to examine the impact of wealth changes on work supply. By incorporating both monetary and non-monetary costs, as well as financial and non-financial benefits, the model conducts a thorough cost-benefit analysis, enabling...

En Colombia se han llevado a cabo varias reformas tributarias las cuales tuvieron como objetivoel aumento de los ingresos tributarios para asegurar el equilibrio de las finanzas públicas a cortoy mediano plazo. Si bien, las diversas reformas tributarias lograron incrementar los ingresosdel...

Aus Gründen der ökonomischen Effizienz sollte eine progressive Besteuerung des Einkommens erst dann zur Anwendung kommen, wenn dieses für den privaten Konsum oder andere private Zwecke (z. B. Schenkungen) verwendet werden soll. Unter Effizienzaspekten, d. h. zur Gewährleistung der...

Der folgende Bericht beschreibt die bisherigen Ergebnisse der Forschungsarbeiten zum Projekt "Steuererhebungskosten". Ziel des empirisch orientierten Projektes ist es, mit wissenschaftlichen Methoden die Kosten der Erhebung von Ertragssteuer bei Unternehmen (Einkommensteuer von...

This paper develops a mechanism design approach to study externalities and re-distribution. The mechanism screens individuals’ social weights to strike a balance among broad distributional objectives, incentives to work, and incentives to reduce externalities. The welfare-optimal allocation...

Should climate policy rely on a price of Carbon that is uniform across sectors? This paper studies this question from a public finance perspective. It is found that a justification for a uniform price can be given, but it relies on strong assumptions, among them indifference with respect to the...

Forward by Ron Storer, President, Federation of Master Builders: The housing system is intrinsically linked to almost every major area of government policy from the economy and taxation to the environment and education. It is driven by a huge range of factors from the behaviour of individuals to...

Consumption is an important source of greenhouse gas (GHG) emissions. This study theoretically analyzes how trade liberalization and consumption tax affect firm locations across countries and GHG emissions originating from consumption. Introducing consumption-originated emissions in a standard...

The unfunded social security has long been criticized for reducing capital stock and social welfare. In this paper, we study the aggregate and welfare effects of reforms that make social security tax (SST) age dependent. We characterize the optimal age-dependent SST schedule that maximizes...