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Cluster-Seminar Öffentliche Finanzen und Lebenslagen
Policymakers widely use tax-based incentives to spur investment and stimulate economic growth. Tax policy has been at the center of emergency measures during the Covid-19 pandemic, and it is now as countries face a significant deterioration in public finances. Yet, empirical tax research is still in disagreement on how taxes affect business investment. We investigate the effect of local business...
15.02.2023| Charlotte Bartels
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Research Project
Development of a dynamic framework to depict and compare the effects of wealth policy instruments in the short, medium, and long term. Among the examined instruments are a general wealth tax, a social inheritance, and a social dividend.
Current Project| Macroeconomics, Forecasting and Economic Policy
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Research Project
In this project, a top-corrected wealth distribution is estimated on the basis of the inheritance tax statistics and the SOEP. We analyze the concentration of wealth, the portfolios of the wealthy, the importance of inherited wealth, the gender inheritance gap and the gender wealth gap as well as reactions to inheritance taxation.
Current Project| Public Economics, German Socio-Economic Panel study
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Externe Monographien
We study the economic consequences of anti-loss trafficking rules, which disallow theuse of loss carry-forwards as tax shield after a substantial ownership change. We usestaggered changes to anti-loss trafficking rules in the EU27 Member States, Norwayand United Kingdom from 1998 to 2019 and find that limiting the transfer of tax lossesreduces the number of M&As by 18%. The impairment is driven by ...
SSRN,
2023,
56 S.
(TRR 266 Accounting for Transparency Working Paper Series ; 128)
| Theresa Bührle, Elisa Casi, Barbara Stage, Johannes Voget
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Refereed essays Web of Science
This paper examines the effects of a unilateral reform of a redistributive tax-transfer system in an open economy. Compared to autarky, a tax increase leads to a smaller decline in aggregate income in the open economy, and it is also more effective at reducing income inequality, provided the tax rates are sufficiently low. Aggregating effects on income and income inequality using an Atkinson social ...
In:
Journal of International Economics
145 (2023), 103829, 22 S.
| Miriam Kohl, Philipp M. Richter
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Other refereed essays
We analyse the impact of the temporary tax reduction on diesel and gasoline prices from June to the end of August 2022 in Germany. By implementing a synthetic difference-in-differences approach with different baskets of European countries, we find a significant reduction in prices by 33.8–34.4 cents per litre for gasoline and 12.2–14.6 cents per litre for diesel. These results are robust to variations ...
In:
Review of Economics
74 (2023), 2, S. 141-160
| Lea Bernhardt, Xenia Breiderhoff, Ralf Dewenter
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Refereed essays Web of Science
We decompose earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks, we formulate a life-cycle model of consumption and labor supply. For estimation, we use data on married American men from the Panel Study of Income Dynamics. Permanent wage shocks explain ...
In:
The Scandinavian Journal of Economics
125 (2023), 4, S. 956-996
| Robin Jessen, Johannes König
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Refereed essays Web of Science
According to theory, "sin taxes" are welfare improving if consumers with low self-control respond at least as much to the tax as consumers with high self-control. We investigate empirically if demand response to soft drink and fat tax variations in Denmark depends on consumers' self-control. We use a unique home-scan panel that includes a survey measure of self-control. When taxes increase, consumers ...
In:
American Economic Journal: Economic Policy
15 (2023), 3, S. 1-34
| Renke Schmacker, Sinne Smed
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Diskussionspapiere 2041 / 2023
This paper provides a comprehensive evaluation of the world’s largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average re- ductions in external damages of around 80 billion Euros. We further show that the eco-tax induced low-carbon innovation and document much stronger ...
2023| Pier Basaglia, Sophie Behr, Moritz A. Drupp
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Diskussionspapiere 2040 / 2023
We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment insurance; however, the opposite holds ...
2023| Peter Haan, Victoria Prowse