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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...
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作者：Orsini, Chiara
作者单位：Aarhus University
摘要：I examine how decreases in government coverage of home health care visits to the elderly in the United States have affected their living arrangements Specifically. I exploit geographic variation in the Medicare Home Health Care reimbursement rate that arose as a result of legislation passed in 1997 and I identify its impact Oil the living arrangements of older Medicare beneficiaries I find that less generous reimbursement policies lead to a greater fraction of elderly giving up independent liv...
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作者：Nakabayashi, Masanari
作者单位：Nagoya University
摘要：This paper examines optimal tax rules and public sector efficiency, integrating them in a second-best world with pollution by using an overlapping generations model. The second-best world is characterized by the comparative statics of green preferences. The main results obtained are as follows. First, the marginal cost of public funds may be reduced by the externalities, regardless of the choice of taxes. Second, optimal environmental and non-environmental tax rules are additively and directly...
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作者：Fack, Gabrielle; Grenet, Julien
作者单位：University of London; London School Economics & Political Science; Pompeu Fabra University
摘要：In this paper, we investigate how housing prices react to the quality of education offered by neighboring public and private schools The organization of secondary schooling in the city of Pans, which combines residence-based assignment to public schools with a well-developed and almost entirely publicly funded private school system, offers a valuable empirical context for analyzing how private schools affect the capitalization Of public school performance in housing prices Using comprehensive ...
