The aim of this paper is to make a first step towards studying the role of social expenditure and its interaction with corporate taxation in determining the destination of foreign direct investment (FDI) flows. Using panel data for 18 OECD countries and measuring the extent of social welfare policies by the (public social expenditure)/GDP ratio, we find strong support for the conjecture that re...

We set up a two-period model, where individuals finance educational investment and first-period consumption by borrowing against risky second-period labor income. We show that the government should use both education subsidies and capital taxation to mitigate distortions, stemming from social insurance through labor taxation, and we derive a Ramsey-rule for the optimal combination of these inst...

The Taxation of Couples This paper is concerned with the question of how couples should be taxed. One reason for the importance of this issue is simply that the overwhelming majority of individuals live in households formed around couples, and so it could be argued that empirically, this is the single most important problem in personal income taxation. A second reason is that the economic theor...

I attempt to dispel several widely-held myths regarding government finance under the Articles of Confederation, some of which were reiterated in Dougherty and Cain (1997). I defend the contribution mechanism as a method of government finance that is superior to direct taxation by the federal government, and present evidence contradicting the belief that revenue collections under the Articles we...

The aim of this paper is to make a first step towards studying the role of social expenditure and its interaction with corporate taxation in determining the destination of foreign direct investment (FDI) flows. Using panel data for 18 OECD countries and measuring the extent of social welfare policies by the (public social expenditure)/GDP ratio, we find strong support for the conjecture that re...

The editorial team is delighted to present the first issue of journal Risk Governance and Control: Financial Markets Institutions in 2022. This contains six interesting papers dealing with up-to-date subjects accounting, macroeconomics, economic policy, innovation, which are analyzed from an original perspective. In particular, these focus on environmental hidden champion companies, transitiona...

This thesis presents a three part methodology for analyzing the flow of taxable income in large partnership structures. The method forms the basis for prototypical software which would clarify many complicated basis adjustment issues associated with partnership taxation. Partnerships, the most common form of “flow-through” tax entities, have rapidly increased in size, complexity and economic re...

BACKGROUND Mental health conditions have the ability to interrupt an individual's ability to participate in the labour force, and this can have considerable follow on impacts to both the individual and the state. METHOD Cross-sectional analysis of the base population of Health&WealthMOD, a microsimulation model built on data from the Australian Bureau of Statistics' Survey of Disability, Agei...

This paper shows how the sampling distribution of estimates of deadweight costs from taxation can be simulated and used to construct confidence intervals. The method is applied to the models and data developed by Diewert and Lawrence (1994, 1996) to study the marginal costs of taxation in New Zealand but the methods proposed have more general relevance. The application shows that the data are u...