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Income Risks within Retirement in Great Britain and Germany

This study examines income mobility amongst older people in Great Britain and Germany after retirement. The motivation is that older people may be subject to greater income risks in today's environment of early exits from the labour force, rising longevity and increasing reliance on private pension income. Our results provide evidence that income mobility amongst older people is more pronounced in ...

Changes in Women's Wages after Parental Leave

In 1986 German parental leave and benefit policy was expanded by extending the potential duration of leave from six to ten months and paying maternity benefits to all new mothers. The potential duration has increased four times since 1986 and stood at three years in 1992. This study uses differenced log-wage regressions to examine the effect of taking maternity leave on wage growth for two 5-year periods, ...

Tax Competition and the Choice of Tax Structure in a Majority Voting Model

This note studies the choice of tax structure in a majority voting model with tax competition. Regions may tax mobile capital or immobile labor. Individuals differ with respect to their relative endowments of labor and capital. Even though a lump sum tax is available, the equilibrium capital tax in a jurisdiction may be positive. In a symmetric equilibrium, this will be true if the median capital endowment ...

Rolf Krengel in memoriam

Bargaining, Mergers, and Technology Choice in Bilaterally Oligopolistic Industries

We analyze up- and downstream market structure and the choice of technology in a bilaterally oligopolistic industry. The distribution of industry profits between up- and downstream firms is determined by a procedure of bilateral negotiations, which is shown to generate the Shapley value. Incentives for downstream mergers depend on whether upstream firms have increasing or decreasing unit costs, while ...

The Balassa-Samuelson Effect in Central and Eastern Europe: Myth or Reality?

This paper studies the Balassa-Samuelson effect in nine Central and East European countries. Using panel cointegration techniques, we find that the productivity growth differential in the open sector leads to inflation in non-tradable goods. Because of the low share of non-tradables and the high share of food items in addition to regulated prices, the consumer price index is misleading when analyzing ...

To What Extent Do Fiscal Regimes Equalize Opportunities for Income Acquisition among Citizens?

This paper employs the theory of equality of opportunity, described in Roemer's book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in 11 countries equalize opportunities among citizens for income acquisition. Roughly speaking, equality of opportunity for incomes has been achieved in a country when it is the case that the distributions ...

The Impact of Fiscal Policy and Deregulation on Shadow Economics in Transition Countries: The Case of Ukraine

A model of Ukrainian shadow economy money demand is estimated that includes new regulatory burden, tax complexity, andsoft-budget constraint variables. This model is analyzed to determine the causes and dynamics of the Ukrainian shadow economy and to assess the effectiveness of state measures undertaken to reduce itssize. The direct tax burden, the broadly defined regulatory burden, the complexity ...

Design Characteristics of National Travel Surveys: International Comparison for Ten Countries

In Germany a national travel survey (NTS) was planned for 2002 and was preceded by a pilot study in 2001. As part of this pilot study the state of the practice for NTS in several countries was examined through contact with relevant institutions and persons via the Internet. A structured questionnaire was used for these consultations. The participants in nine countries provided the relevant information ...

Understanding and Managing Leakage in Forest-Based Greenhouse-Gas-Mitigation Projects

A major concern about land use, land-use change and forestry (LULUCF) projects under the Clean Development Mechanism (CDM) is the potential for leakage. Leakage refers to a net increase of greenhouse-gas emissions in an area outside the project resulting from the CDM activity. This paper provides an overview of leakage, its definitions and its causes. It describes ways that LULUCF projects may suffer ...