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that provide a lower limit of results for welfare changes, optimal policies and two optimal tax components (Pigouvian and …
Persistent link: https://www.econbiz.de/10011923377
that provide a lower limit of results for welfare changes, optimal policies and two optimal tax components (Pigouvian and …
Persistent link: https://www.econbiz.de/10011922149
The public economics, environmental, transportation and urban economics literature applies different labor supply approaches when studying economic or planning instruments. Some studies assume that working hours are endogenous while the number of workdays is given, whereas others model only...
Persistent link: https://www.econbiz.de/10011483152
part of the tax. This notion was developed because of different taxation, meaning that the states were perceiving taxes … unique tax. …
Persistent link: https://www.econbiz.de/10004961493
The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...
Persistent link: https://www.econbiz.de/10012142949
capital stock and a fall in employment. Cutting public employment or the income tax rate leads, in contrast, to a lower wage … welfare state are handed back via a lower income tax rate rather than a lump-sum subsidy, both cutting public employment and … cutting public spending on private goods induce an investment boom. Making the tax system less progressive by cutting tax …
Persistent link: https://www.econbiz.de/10011506465
Inclusion of means testing into age pension programs allows governments to better direct benefits to those most in need and to control funding costs by providing flexibility to control the participation rate (extensive margin) and the benefit level (intensive margin). The former is aimed at...
Persistent link: https://www.econbiz.de/10013119815
Some of the highly controversial questions in macroeconomics critically hinge on the value of a single parameter of consumer preference--the elasticity of intertemporal substitution. This paper provides new estimates of this parameter for individual G-7 and a panel of twenty OECD countries. We...
Persistent link: https://www.econbiz.de/10012781754
Can government spending have a large effect on private consumption and income? This paper uses a novel dataset on federal government disaster-relief spending, combined with both household and state-level consumption, income and employment data, to answer this question. My estimates show that the...
Persistent link: https://www.econbiz.de/10012961537
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012896580