Showing 21 - 30 of 108,503
We document large differences between the United States and France in allocations of consumption expenditures and time by age. Using a life-cycle model, we quantify to what extent tax and transfer programs and market and home productivity can account for the differences. We find that while labor...
Persistent link: https://www.econbiz.de/10012425267
and indirect taxes, direct transfers provided by the social transfers and the school feeding programs, and in …
Persistent link: https://www.econbiz.de/10014486374
This paper investigates how government spending multipliers depend on the distribution of taxes across households. We … when financed with more progressive taxes, and zero otherwise. We rationalize this finding within a heterogeneous …-income earners. In turn, spending financed with more progressive taxes induces a smaller crowding-out, and thus larger multipliers …
Persistent link: https://www.econbiz.de/10011917433
In the 1980s the Australian Personal Income Tax was highly progressive and family payments were universal. The system ranked well in terms of gender equity and female labour supply incentives. During the Howard years the progressivity of the rate scale declined dramatically despite rising...
Persistent link: https://www.econbiz.de/10012968523
In the 1980s the Australian Personal Income Tax was highly progressive and family payments were universal. The system ranked well in terms of gender equity and female labour supply incentives. During the Howard years the progressivity of the rate scale declined dramatically despite rising...
Persistent link: https://www.econbiz.de/10012985906
We document large differences between the United States and France in allocations of consumption expenditures and time by age. Using a life-cycle model, we quantify to what extent tax and transfer programs and market and home productivity can account for the differences. We find that while labor...
Persistent link: https://www.econbiz.de/10012653495
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/10012797290
We document that the interest rate response to fiscal stimulus (IRRF) is lower in countries with high inequality or high household debt. To interpret this evidence we develop a model in which households take on debt to maintain a consumption threshold (saving constraint). Now debt-burdened,...
Persistent link: https://www.econbiz.de/10012840260
We document that the interest rate response to fiscal stimulus (IRRF) is lower in countries with high inequality or high household debt. To interpret this evidence we develop a model in which households take on debt to maintain a consumption threshold (saving constraint). Now debt-burdened,...
Persistent link: https://www.econbiz.de/10012849875
policy can effectively be implemented in practice. While, in principle, variable taxes could improve welfare in some cases …-tax break is in a better footing to boost consumption and welfare than an income-tax break. A hike in consumption taxes can also …. However, variable taxes are subject to serious implementation problems fettering their use …
Persistent link: https://www.econbiz.de/10012782675