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  • Other refereed essays

    The Impact of the Tax Reduction on Fuel Prices in Germany: A Synthetic Difference-in-Differences Approach

    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
  • Refereed essays Web of Science

    Hours Risk and Wage Risk: Repercussions over the Life Cycle

    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
  • Refereed essays Web of Science

    Sin Taxes and Self-Control

    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
  • Diskussionspapiere 2004 / 2022

    Durable Consumption, Limited VAT Pass-Through and Stabilization Effects of Temporary VAT Changes

    This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular. Therefore, we build a dynamic stochastic general equilibrium (DSGE) model that is capable of addressing this major ...

    2022| Marius Clemens, Werner Röger
  • DIW Weekly Report 11 / 2022

    Tax Revenue: Swifter Recovery during the Coronavirus Pandemic than during the Global Financial Crisis

    Although economic growth continued to be lukewarm in 2021, tax revenue increased significantly, even exceeding the pre-crisis level despite economic policy measures associated with revenue losses. During the 2008-2011 global financial crisis, tax revenue followed a different path: Its recovery lagged behind economic recovery, first reaching the pre-crisis level in 2011. In 2021, value-added tax (VAT) ...

    2022| Kristina van Deuverden
  • Refereed essays Web of Science

    From Negative to Positive Carbon Pricing in Mexico

    Over the course of a decade, Mexico transitioned from a peak of 1.8% of GDP given as fuel subsidies in 2008 to generating positive fuel tax revenues equivalent to 1.6% of its GDP in 2018. This paper analyzes Mexico's carbon pricing experience: the mechanisms that made fossil fuel subsidies such a large burden on public finances, the strategies followed in its five-year phase-out, and the institutional ...

    In: Economics of Energy and Environmental Policy 11 (2022), 2, S. 5-25 | Carlos Muñoz-Piña, Mariza Montes de Oca Leon, Marisol Rivera-Planter
  • Refereed essays Web of Science

    Optimal Taxation When the Tax Burden Matters

    Survey evidence shows that the magnitude of the tax liability plays a role in value judgements about which groups deserve tax breaks. We demonstrate that the German tax-transfer system conflicts with a welfarist inequality averse social planner. It is consistent with a planner who is averse to both inequality and high tax liabilities. The tax-transfer schedule reflects non-welfarist value judgements ...

    In: Finanzarchiv 78 (2022), 3, S. 312-341 | Robin Jessen, Maria Metzing, Davud Rostam-Afschar
  • Cluster-Seminar Öffentliche Finanzen und Lebenslagen

    Increasing employment and family care? A structural analysis of pension and long-term care policy reforms

    We develop a comprehensive life-cycle model of elder parent care and work to evaluate options that address pressing conflicts between pension and long-term care (LTC) policies. Many OECD countries react to challenges of demographic change by increasing LTC by family members (informal care) and raising retirement ages. This intensifies conflicts between paid employment and informal care provision....

    25.11.2021| Björn Fischer
  • SOEP Brown Bag Seminar

    Who is affected by the crisis? Distributional consequences of the Corona pandemic

    The Corona pandemic has had a decisive impact on the year 2020 and an unprecedented (negative) impact on society and the economy. At the core of this simulation study is therefore the question of how the Corona pandemic has affected income levels and social inequality in Germany, and to what extent automatic stabilizers of the social security system and additional financial...

    10.02.2021| Maximilian Stockhausen, German Economic Institute - IW Köln
  • Cluster-Seminar Öffentliche Finanzen und Lebenslagen

    Responses to unexpected and permanent changes in pension income

    For the design of pension reform it is crucial to disentangle the employment effects related to the substitution and the income effect. In this paper we provide causal evidence about the importance of the income effect which in general has been assumed to be small or non-existent. We exploit a pension reform in Germany that raised pension benefits related to children. For...

    03.02.2021| Sebastian Becker
385 results, from 21
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