1,721,009 research outputs found
The Output Effects of Labor Income Taxes in OECD Countries
No full textThis article considers the relationship between labor income taxes and output. An illustrative model indicates that the sign of the output effect of labor taxation policies is ambiguous and depends not only on the technology parameters but also on the taxation level. The empirical evidence for fifteen Organisation for Economic Co-operation and Development (OECD) countries over the period 1974-97 shows that the effect is heterogeneous across countries both in the short run and in the long run when considering the average tax rate. We also find a common positive and significant long-run relationship for the marginal tax rate. © The Author(s) 2009
Guess who's there: Employment Protection Legislation and the Degree of Substitutability between Labour Contracts
No full textEmployment protection legislation may affect the degree of substitutability among different types of labour contracts by changing the individuals sorting into jobs and firms screening in and out jobs. Using administrative data, we document this substitutability in the context of a labour market reform that changed the informative content of individual dismissals and provided incentives to training contracts in Italy in 2012. We present and simulate a model that shows that individual's and firm's behaviour have important implications for the impact of policies that lower firing costs. A more flexible employment protection legislation regime combined with incentives to training contracts reduces inefficiencies of job sorting and screening due to asymmetric information
The Italian Monetary Trasmission Mechanism: a small stylised model appraisal. Master of Science in Economics, University of Warwick, UK, Dissertation. Supervisor: Prof. Ken Wallis
No full textMaster of Science in Economics, University of Warwick, UK, Dissertation. Supervisor: Prof. Ken Walli
Progressive Taxation and Unemployment: some Alternative Empirical Approaches. TESI DOTTORATO DI RICERCA IN ECONOMIA POLITICA, Università degli Studi di Pavia. Supervisori: Prof. Giovanni Amisano e Prof. Massimiliano Serati
No full textTESI DOTTORATO DI RICERCA IN ECONOMIA POLITICA, Università degli Studi di Pavia. Supervisori: Prof. Giovanni Amisano e Prof. Massimiliano Serati
Tax Progressivity, Labor Markets and Growth. PhD THESIS, University College London, UK. Supervisore: Prof. Giovanni Luca Violante
No full textPhD THESIS, University College London, UK. Supervisore: Prof. Giovanni Luca Violant
On the dynamics of Unemployment and Labor Tax Progression: The Case of Italy 1974-1995
No full textThis paper presents some empirical evidence for Italy from 1974 to 1995 on the relationship between the dynamics of unemployment and tax progressivity. To this purpose, the econometric tool is a Bayesian numerical approach based on a three-equation vector autoregression model where the unemployment effects are derived residually from the difference between employment and labor-force participation effects. By simultaneously estimating the labor market effects of changes in labor taxes, the current analysis points to the importance of the supply side of the labor market from a macroeconomic perspective and empirically supports the view that either the individual's or the aggregate labor participation decisions have to be taken explicitly into account when evaluating whether or not tax progressivity is a useful policy device against unemployment. © 2009 Mohr Siebeck
‘A Structural VAR Approach on Labour Taxation Policies’
No full textThis paper presents a Structural VAR analysis on the employment and output effects of labour tax policies in six European countries for the period 1974-1997. By considering impulse response functions, it turns out that, on average, a shock to the total personal income tax revenues is positively correlated to employment, whereas there is mixed evidence on the output effect. Moreover, the quantitative impact of these effects, especially those related to the output, appears to be quite small. However, by introducing explicitly four labour tax parameters (namely the marginal and average tax rates for the personal income tax and the payroll tax), it turns out that these effects are not negligible after all: For some countries it is possible to conceive labour taxes as policy instruments favouring more employment and a better economic performance. However, the empirical support on the sign of the output and employment effects is mixed, suggesting that the same domestic fiscal policy does not produce the same impact in all the European countries. © 2006 Taylor & Francis
Macroeconomics Effects of Progressive Taxation in a Unionized Economy’
No full textOne of the main arguments against a public finance solution to unemployment is that, at least in the long run, the tax burden is passed onto labor. This paper assesses the robustness of existing propositions on the relation between tax progressivity and the labor market in an OLG general equilibrium framework that has not been previously used to address the tax progressivity issue. The ambiguity of our qualitative results clearly indicates that the determination of the macroeconomics effects of tax progressivity is an empirical question. On the basis of a calibration exercise for Italy and the US, the macroeconomics effects are determined and quantified. In particular, by looking at the labor market, larger employment effects are triggered by a reduction in both the average (personal income/payroll) tax rates. © 2005 Elsevier B.V. All rights reserved
Commercio internazionale e crescita economica nei casi della Corea del Sud e delle Isole Filippine: un'analisi di causalità
No full textCommercio Internazionale e Crescita Economica nel caso della Corea del Sud: una analisi econometrica di causalità. Tesi di Laurea in Scienze Politiche, indirizzo Economico, Università degli Studi di Cagliari. Supervisore della Tesi: Prof. Francesco Pigliaru
No full textTesi di Laurea. Supervisore della Tesi: Prof. Francesco Pigliaru.
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