Openness, income-tax progressivity, and inflation
نویسندگان
چکیده
منابع مشابه
The Determinants of Personal Income Tax Progressivity Around the Globe
This paper utilizes a novel database collected by the authors to document features of the progressivity of personal income tax systems across 209 countries for the years 1980-2009. We measure progressivity in several ways. First, we associate it with the increase in effective average (marginal) tax rates between a wage of zero and ten times the average wage in a country. Second, we consider the...
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The welfare-maximizing income tax structure, rate of money creation, and amounts of intergenerational transfers are jointly determined for given rates of government consumption. When government consumption is zero, it is found for the parameter values examined that the income tax structure is progressive, the rate of money change is negative, and positive transfers are made to the old. As gover...
متن کاملProgressivity of Personal Income Tax in Croatia: Decomposition of Tax Base and Rate Effects
This paper presents progressivity breakdowns for Croatian personal income tax (henceforth PIT) in 1997 and 2004. The decompositions reveal how the elements of the system – tax schedule, allowances, deductions and credits – contribute to the achievement of progressivity, over the quantiles of pre-tax income distribution. Through the use of ‘single parameter’ Gini indices, the social decision mak...
متن کاملBeyond the Labour Income Tax Wedge: The Unemployment-Reducing Effect of Tax Progressivity
Beyond the Labour Income Tax Wedge: The Unemployment-Reducing Effect of Tax Progressivity In this paper we argue that, for a given overall level of labour income taxation, a more progressive tax schedule increases employment. From a theoretical point of view, higher progressivity increases overall employment through a wage moderating effect and also because employment of low-paid workers is mor...
متن کاملOpenness and Inflation∗
A general equilibrium model of a small open economy is developed to analyze the optimal rate of inflation under discretion. Once agents’ welfare is the sole policy objective it is possible to show that openness and inflation no longer have a simple inverse relationship. A greater degree of openness may lead the policy maker to want to exploit the short-run Phillips curve more aggressively, even...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2009
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2008.10.003