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The responsiveness of long-term household debt to the interest rate is a crucial parameter for assessing the effectiveness of public policies aimed at promoting specific types of saving. This paper estimates the effect of a reform of Credito Bonificado, a large program in Portugal that...
Persistent link: https://www.econbiz.de/10005772296
Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis … theoretical predictions are tested by exploiting differences in tax rates across US states. Using two surveys, the Consumer …
Persistent link: https://www.econbiz.de/10005802079
Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis … theoretical predictions are tested by exploiting differences in tax rates across US states. Using two surveys, the Consumer …
Persistent link: https://www.econbiz.de/10005744247
In countries where the political-economy incentives that governments face do not foster prudent revenue management, national revenue funds (NRFs) should not be used to impose optimal expenditure paths. In such countries, NRFs should instead be used as policy tools for re-aligning the diverging...
Persistent link: https://www.econbiz.de/10005836537
The responsiveness of long-term household debt to the interest rate is a crucial parameter for assessing the effectiveness of public policies aimed at promoting specific types of saving. This paper estimates the effect of a reform of Credito Bonificado, a large program in Portugal that...
Persistent link: https://www.econbiz.de/10008524123
-cost funding from a workers’ welfare fund and through budget transfers. Another factor limiting investment is the fragmented tax … system, which raises firms’ compliance costs and adds to an already high tax burden. Finally, regulatory reforms, including …
Persistent link: https://www.econbiz.de/10009350673
If households face uninsurable idiosyncratic earnings risk, theory predicts that redistributive tax and transfer … systems have both an insurance and a distortionary effect. Exploiting the substantial variation of tax and transfer systems …
Persistent link: https://www.econbiz.de/10008852484
This paper provides a framework for analyzing optimal government transfers of education when individuals are tempted to underinvest in education. The government may devise a transfer using a combination of free compulsory education, vouchers and price subsidies. I show that government...
Persistent link: https://www.econbiz.de/10009141818
No abstract.
Persistent link: https://www.econbiz.de/10010684417
Persistent link: https://www.econbiz.de/10010687589