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作者：Beltrametti, L; Bonatti, L
作者单位：University of Genoa; University of Milano-Bicocca; University of Trento
摘要：Within an OLG framework we study a perfectly balanced Pay-As-You-Go (PAYG) pension scheme: in spite of its depressive impact on national saving, PAYG is implemented for operating intergenerational transfers. With international capital mobility, the national adoption of PAYG determines a spill-over effect through the world capital stock. This creates a situation of interdependence among national pension policies, that we model as a n-countries dynamic game. In contrast with previous literature,...
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作者：Poutvaara, P
摘要：According to conventional wisdom, intergenerational transfers can survive, in the absence of altruism, only if the old are net recipients. I prove that this need not hold in an overlapping generations model with a fixed factor. For example, the middle-aged owning land may gain by providing public education even when they cannot tax the young and when the young face no credit market constraints. This requires that labor is not mobile. Furthermore, establishing public education may benefit only ...
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作者：Goolsbee, A
作者单位：University of Chicago; National Bureau of Economic Research
摘要：By taxing the income of corporate firms at a different rate than non-corporate firms, taxes can play an important role in a firm's choice of organizational form. The sensitivity of the organizational form decision to tax rates provides a key indicator of the distortion created by the corporate income tax. This paper uses new cross-sectional data on organizational form choices across states compiled in the Census of Retail Trade to estimate this sensitivity. The results document a significant i...
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作者：Senik, C
作者单位：Sorbonne Universite; Universite PSL; Ecole Normale Superieure (ENS)
摘要：We propose a micro-econometric evaluation of the relation between life satisfaction and income distribution, using a balanced panel survey of the Russian population, Russian longitudinal monitoring survey (RLMS), running from 1994 to 2000, covering 4685 individuals. We show that in the context of the very volatile Russian environment, Hirschman's [Q. J. Econ. 87 (1973) 544] tunnel effect conjecture seems to be confirmed: variables reflecting income distribution do not influence satisfaction th...
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作者：Sinai, T; Gyourko, J
作者单位：University of Pennsylvania; National Bureau of Economic Research
摘要：We provide new evidence on the asset price incidence of corporate-level investment subsidies by examining the relative stock price performance of publicly traded companies in the real estate industry that should have been differentially affected by the capital gains tax rate reduction enacted in the Taxpayer Relief Act of 1997. By comparing real estate firms that have an organizational structure that allows entities who sell property to it to defer capital gains taxes and that plan to use the ...
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作者：Kleven, HJ
作者单位：University of Copenhagen
摘要：A theory of optimal taxation is presented, building upon Becker's (1965) theory of the allocation of time. Optimal commodity taxation is governed by factor shares in household activities. Any market good which requires little household time, or even saves time, should carry a relatively low tax rate. This policy rule does not require the estimation of price elasticities and is therefore more applicable than traditional Ramsey rule taxation. (C) 2003 Elsevier B.V. All rights reserved.
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作者：Goolsbee, A
作者单位：University of Chicago; National Bureau of Economic Research
摘要：This paper shows that tax policy toward investment, by changing the relative prices of capital varieties even within narrow classes of equipment, can have a direct effect on the quality composition of capital goods that firms purchase. Detailed data on farming, mining, and construction machinery suggest that this impact is economically important. Finns significantly shift investment toward higher quality varieties when they receive investment subsidies (and do not do so when investment is high...
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作者：Monheit, AC; Schone, BS
作者单位：Agency for Healthcare Research & Quality; Rutgers University System; Rutgers University New Brunswick; Rutgers University Biomedical & Health Sciences
摘要：In the early 1990s, over 40 states passed legislation designed to limit a number of exclusionary practices by insurers in the small group market in order to improve the availability and affordability of health insurance to employees in small firms. In this paper, we address the effects of reform on the likelihood that workers are offered insurance, have employment-based coverage, or are policyholders of an employment-based plan. We use differences-in-differences (DD) and differences-indifferen...
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作者：Raff, H
作者单位：University of Kiel
摘要：This paper examines how free-trade agreements and customs unions affect the location of foreign direct investment (FDI) and social welfare, taking into account that governments may adjust taxes and external tariffs to compete for FDI. Conditions are identified under which a free-trade agreement leads to FDI and under which this improves welfare. The welfare effect is shown to depend on the relative size of efficiency gains in production and government revenue losses due to tax competition. A f...
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作者：Gordon, N
作者单位：University of California System; University of California San Diego
摘要：One of the federal government's main elementary and secondary education programs is Title 1, which allocates money for compensatory education to school districts based on child poverty. I use sharp changes in per-pupil grant amounts surrounding the release of decennial census data to identify effects of Title I on state and local education revenue, and how much the program ultimately increases spending by recipient school districts. I find that state and local revenue efforts initially are una...
