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作者：Barrios, Salvador; Huizinga, Harry; Laeven, Luc; Nicodeme, Gaetan
作者单位：European Commission Joint Research Centre; Tilburg University; Tilburg University; Universite Libre de Bruxelles
摘要：Using a large international firm-level data set, we examine the separate effects of host and additional parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. The impact of parent country taxation is estimated to be sizeable consistent with its international discriminatory nature. Our results show that international double taxation by the parent country - despite the g...
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作者：Figlio, David N.; Fletcher, Deborah
作者单位：Northwestern University; National Bureau of Economic Research; University System of Ohio; Miami University
摘要：The existing literature on the relationship between the share of elderly in a community and the support for local public education has led to mixed results to date. One potential reason behind this is that the share of elderly in a community is endogenous, and it is very difficult to disentangle the effects of individuals aging in place from that of dynamic Tiebout sorting. The point of this paper is to carefully document the degree to which aging in place has occurred in the American suburbs,...
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作者：Laitner, John; Silverman, Dan
作者单位：University of Michigan System; University of Michigan
摘要：This paper proposes and analyzes a Social Security reform in which individuals no longer face the OASI payroll tax after, say, age 54 or a career of 34 years, and their subsequent earnings have no bearing on their benefits. We first estimate parameters of a life-cycle model. Our specification includes non-separable preferences and possible disability. It predicts a consumption-expenditure change at retirement. We use the magnitude of the expenditure change, together with households' retirement...
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作者：Fevrier, Philippe; Linnemer, Laurent; Visser, Michael
作者单位：Centre National de la Recherche Scientifique (CNRS)
摘要：A viager real estate transaction consists in selling a property in return for a down payment and a life annuity that the buyer has to pay until the seller dies. This paper tests for the presence of asymmetric information in this market using notarial data on transactions in Paris between 1993 and 2001. We first derive and test empirically a no arbitrage condition stating that the price of a viager has to be equal to its expected returns. Using this condition, we identify the type of the seller...
