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Property transaction taxes-also known as stamp duty-are widely viewed as an inefficient form of taxation. In this paper, we examine the welfare implications of removing stamp duty in a general equilibrium overlapping generation model with heterogeneous agents. Our model features an idiosyncratic...
Persistent link: https://www.econbiz.de/10015053128
on being in employment. This paper surveys recent tax-benefit reforms in Germany, the Netherlands, Italy, The UK, France …
Persistent link: https://www.econbiz.de/10012731803
two countries, Belgium and Germany. The paper at hand documents the process and presents simulation results for the case … of Germany. An integrated data base underlying EUROMOD that contains household-level information on income and … consumption is generated. Consumption micro data from the 2008 cross section of the household budget survey for Germany is used to …
Persistent link: https://www.econbiz.de/10010209076
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/10012055383
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/10013178191
analyse tax policy reforms, including in particular pension and demographic issues. The main feature of the EDGE-M3 model lies … makes it a very suitable model to analyse the redistributive impact of policies. EDGE-M3 features eighty generations and …
Persistent link: https://www.econbiz.de/10012797290
We build a general equilibrium model of overlapping generations that incorporates endogenous saving, labor force participation, work hours, and Social Security benefit claims. Using this model, we study the impact of three Social Security reforms: 1) a reduction in benefits and payroll taxes; 2)...
Persistent link: https://www.econbiz.de/10010287121
In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I …
Persistent link: https://www.econbiz.de/10005835397
Advanced economies face two important trends: population aging and rising debt. In the coming years it will be critical to understand how policies undertaken by governments interact with their changing age structures. In a panel of advanced economies, I show that fiscal deficit consolidation...
Persistent link: https://www.econbiz.de/10013311084
Persistent link: https://www.econbiz.de/10008729170