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作者：Eriksen, Michael D.; Rosenthal, Stuart S.
作者单位：Syracuse University; Syracuse University; University System of Georgia; University of Georgia
摘要：Since its inception in 1987, the Low Income Housing Tax Credit (LIHTC) program has ballooned into the largest ever source of subsidized construction of low-income housing in the United States, accounting for one-third of all recent multi-family rental construction. This paper examines the crowd out effects of this increasingly important source of low-moderate income housing. To do so, we analyze the impact of LIHTC construction at three different levels of geography, MSA, county, and 10-mile r...
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作者：Schildberg-Hoerisch, Hannah
作者单位：University of Munich; University of Bonn
摘要：We implement the Rawlsian veil of ignorance in the laboratory. Our design allows analyzing the effects of risk and social preferences behind the veil of ignorance. Behind the veil of ignorance subjects choose more equal distributions than in front of the veil, but only a minority acts according to maximin preferences. Many subjects prefer more equal allocations not only for insurance purposes but also due to impartial social preferences for equality. Our results imply that behind the veil of i...
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作者：Egger, Peter; Koethenbuerger, Marko; Smart, Michael
作者单位：University of Toronto; Swiss Federal Institutes of Technology Domain; ETH Zurich; Leibniz Association; Ifo Institut; University of Copenhagen
摘要：According to theory, capacity equalization grants cause local governments to internalize the effects of their tax policies on revenues of neighboring jurisdictions and so raise equilibrium tax rates. This paper empirically analyzes the incentive effects of equalizing transfers on business tax policy by exploiting a natural experiment in the state of Lower Saxony which changed its equalization formula as of 1999. We resort to within-state and across-state difference-in-difference estimates to i...
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作者：Blomquist, Soren; Selin, Hakan
作者单位：Uppsala University
摘要：Recently, a voluminous literature estimating the taxable income elasticity has emerged as an important field in empirical public economics. However, to a large extent it is still unknown how the hourly wage rate, an important component of taxable income, reacts to changes in marginal tax rates. In this study we use a rich panel data set and a sequence of tax reforms that took place in Sweden during the 1980s to estimate the elasticity of the hourly wage rate as well as the taxable labor income...
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作者：Bac, Mehmet
作者单位：Sabanci University
摘要：I develop a model with endogenous gun ownership and study the interaction between the demands for guns by heterogeneous potential offenders and victims. I show that the interaction depends on pervasiveness of guns, injury probabilities and, in particular, the impact of the gun on the probability of success against armed relative to unarmed adversaries. While the sanction on armed offense is maximal under plausible conditions, the sanction on unarmed offense balances direct deterrence benefits ...
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作者：Davidoff, Thomas
作者单位：University of California System; University of California Berkeley
摘要：This paper shows how home equity may Substitute for long-term care insurance (LTCI) The elderly commonly hold Substantial wealth in the form of home equity that is rarely spent before death, except for after moves to long-term care facilities Absent strong bequest motives implies that marginal utility fluctuates less across health states than one Would predict based on a standard model without wealth tied Lip in housing Numerical examples show that this asset commitment may substantially weake...
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作者：Grossmann, Volker; Strulik, Holger
作者单位：University of Fribourg; Leibniz Association; Ifo Institut; IZA Institute Labor Economics
摘要：Taxes on estates and inheritances may Induce heirs to discontinue family firms Because firm dissolution transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint The support of dynastic succession. however. entails also a cost oil the economy if firm continuation by less able heirs prevents entry into entrepreneurship Here, we investigate analytically and quantitatively the trade-off between transaction costs saved and...
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作者：Hoppe, Eva I.; Schmitz, Patrick W.
作者单位：University of Cologne; Centre for Economic Policy Research - UK
摘要：The government wants a certain good or service to be provided. Should the required assets be publicly or privately owned or should a partnership be formed? Building on the incomplete contracting approach, we argue that the initially specified quantity of an ex ante describable basic good can have important effects on investment incentives, which has been neglected in the literature so far. We also study how the tasks of investing in quality improvements and cost reductions should be assigned. ...
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作者：Davidoff, Thomas
作者单位：University of British Columbia
摘要：Dense, expensive, litigious, and highly regulated, Manhattan typifies coastal US housing markets. Manhattan has lost share of US residential construction over the last 45 years. Some attribute this trend to tightening local regulation, but the decline of public housing construction and the decreasing national share of construction that is multifamily jointly explain away Manhattan's decline. Across US counties, negative correlations between supply growth and both coastal status and regulations...
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作者：Card, David; Hallock, Kevin F.; Moretti, Enrico
作者单位：University of California System; University of California Berkeley; Cornell University; United States Department of Labor; Cornell University
摘要：Does the presence of corporate headquarters in a city affect the incomes of local charities? To address this question we combine data on the head office locations of publicly traded U.S. firms with information on the receipts of local charitable organizations. Cities like Houston, San Jose, and San Francisco gained significant numbers of corporate headquarters over the past two decades, while cities like Chicago and Los Angeles lost. Our analysis suggests that attracting or retaining the headq...
