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作者：Bond, SR; Devereux, MP
作者单位：University of Warwick; University of Oxford; University of London; London School Economics & Political Science
摘要：This paper considers the relationship between two general neutral business tax structures, which we label the 'firm tax' and the 'shareholder tax'. The well-known R-based and S-based cash flow taxes, analysed by Meade (1978), are special cases of these two taxes. We demonstrate the neutrality of both taxes in the presence of uncertainty, and characterise the tax rules required in the event of default and wind-up. Our analysis provides the first proof of the neutrality of the S-based cash flow ...
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作者：Benjamin, DJ
作者单位：Harvard University
摘要：By comparing 401(k) eligible and ineligible households' wealth, this paper estimates that, on average, about one half of 401(k) balances represent new private savings, and about one quarter of 401(k) balances represent new national savings. Responses to eligibility vary considerably, however, with households who normally save the most largely contributing funds they would have saved anyway. This paper improves on previous research by: (1) employing propensity score subclassification to control...
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作者：Cigno, A; Luporini, A; Pettini, A
作者单位：University of Florence; University of Trieste
摘要：The relationship between government and parents is modelled as a principal-agent problem, with the former in the role of principal and the latter in that of agents. We make four major points. The first is that, if the well-being of the child depends not only on luck, but also on parental actions that the government cannot readily observe, the latter can influence parental behaviour by conditioning income transfers to families on child performance. The second point is that, if there are market ...
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作者：Jaramillo, F; Kempf, H; Moizeau, F
摘要：We study the relationship between social segmentation and income inequality by means of the economic theory of clubs with private provision of the club good. After having characterized the core partition of society in clubs and investigating its characteristics, we show how the clubs' sizes depend on income distribution and compare segmentation profiles arising in societies characterized by different inequality patterns. (C) 2001 Elsevier Science B.V. All rights reserved.
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作者：Page, BR
作者单位：Congressional Budget Office
摘要：This paper investigates the existence of an operative bequest motive by testing whether state bequest taxes influence the giving of inter vivos gifts. A significant positive relation between bequest tax rates and both the probability and level of inter vivos gifts is found, suggesting that at least some portion of bequests is intentional. (C) 2001 Elsevier Science B.V. All rights reserved.
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作者：Donni, O
作者单位：University of Quebec; University of Quebec Montreal
摘要：In this paper, we adopt the usual assumptions of the collective approach, i.e., individualism and efficiency, to study household labor supply. The theoretical innovation is 2-fold. First, we incorporate the decision to participate in the labor market in the initial setting. Second, we abandon the assumption of linearity of the budget constraint. We show that (i) structural elements such as preferences or the outcome of the decision process can be recovered, and (ii) testable restrictions are g...
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作者：Kessler, AS; Lülfesmann, C; Myers, GM
作者单位：Simon Fraser University; University of Bonn
摘要：The paper studies the implications of increased capital market integration and the associated increased tax competition for world welfare. We consider a population with heterogeneous endowments of capital in a model of redistributive politics. We show that if countries have the same average capital endowments but differ with respect to the endowments of their decisive majority, autarky may be socially preferred to integration under any aversion to inequality. We then reverse the conclusion by ...
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作者：Blomberg, SB; Hess, GD
作者单位：Claremont Colleges; Claremont Graduate University; Claremont McKenna College; Wellesley College; Leibniz Association; Ifo Institut
摘要：This paper constructs and examines a macroeconomic model which combines features from both real and political business cycle models.-We augment a standard real business cycle tax model by allowing for varying levels of government partisanship and competence in order to replicate two important empirical regularities: First, that on average the economy expands early under Democratic Presidents and contracts early under Republican Presidents. Second, that Presidents whose parties successfully ret...
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作者：Carbonell-Nicolau, O; Klor, EF
作者单位：New York University
摘要：This paper develops a political economy model that is consistent with the fact that democracies have a preference for increasing marginal tax rates on income. We present a model in which there is an exogenous set of political parties with preferences over the set of admissible tax schedules. This set contains virtually any increasing and piecewise linear continuous function. Each party decides whether or not to present a candidate for election. There is a fixed cost of running. The elected can...
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作者：Wallner, K
作者单位：Oregon State University
摘要：This paper analyzes a hold-up problem in the EU enlargement process. EU-specific anticipatory investments of private firms lower the government's outside option. The EU takes advantage of the applicants' increased dependency and extracts more surplus through entrance conditions that benefit it and impose net costs on applicants. If private firms pay less than the full entrance fee in taxes, enlargement immiserizes the entrant. While in practice an applicant may possess sufficient bargaining po...
