Recently added articles from Fiscal Studies:
Editorial Note
Sep 01, 2008; ... The contents of this journal reflect a broad interpretation of fiscal studies; articles are concerned with the whole range of ways in which government action affects the private sector of the economy. The intention is to provide a forum for material which is accessible to a wider audience than ...
Cost Liability and Residential Space Heating Expenditures of Welfare Recipients in Germany*
Sep 01, 2008; ... Abstract Within the German welfare system, recipients' heating expenditures are generally fully covered by the government. This paper empirically tests the hypothesis that households receiving welfare payments turn to overconsumption of residential space heating. We use micro-data from ...
Fiscal Forecasting: Lessons from the Literature and Challenges*
Sep 01, 2008; ... Abstract While fiscal forecasting and monitoring has its roots in the accountability of governments for the use of public funds in democracies, the Stability and Growth Pact has significantly increased interest in budgetary forecasts in Europe, where they play a key role in EU ...
Long-Term Effects of Fiscal Policy on the Size and Distribution of the Pie in the UK*
Sep 01, 2008; ... Abstract This paper provides a joint analysis of the output and distributional longterm effects of various fiscal policies in the UK, using a vector autoregression (VAR) approach. Our findings suggest that the long-term impact on GDP of increasing public spending and taxes is negative, ...
Anticipating Tax Changes: Evidence from the Finnish Corporate Income Tax Reform of 2005*
Jun 01, 2008; ... Abstract Using register-based panel data covering all Finnish firms from 1999 to 2004, we examine how corporations anticipated the 2005 dividend tax increase via changes in their dividend and investment policies. The Finnish capital and corporate income tax reform of 2005 creates a ...
How Did the Elimination of the US Earnings Test above the Normal Retirement Age Affect Labour Supply Expectations?*
Jun 01, 2008; ... Abstract We look at the effect of the 2000 repeal of the earnings test above the normal retirement age (NRA) on the self-reported probabilities of working full-time after ages 65 and 62 of male workers in the US Health and Retirement Study (HRS). Using administrative records on social ...
The Anticipated Capitalisation Effect of a New Metro Line on Housing Prices*
Jun 01, 2008; ... Abstract Housing units with closer access to public transportation enjoy a higher market value than those with similar characteristics but poorer access. This difference can be explained by the lower cost of transport to the main workplaces and shopping areas in town. For this reason, ...
Horizontal Inequity and Vertical Redistribution with Indirect Taxes: The Greek Case*
Jun 01, 2008; ... Abstract Non-uniform indirect taxes treat equals and those unequal differently (horizontal inequity and vertical redistribution). Horizontal inequity is caused by taste differences among similar households, but some excises are designed to reflect social, not revealed, preferences. We ...
The Effect of Financial Incentives on Labour Supply: Evidence for Lone Parents from Microsimulation and Quasi-Experimental Evaluation*
Jun 01, 2008; ... Abstract The aim of this paper is to analyse the work incentive effects of a change in the Australian tax and transfer system on lone parents in July 2000. To evaluate the effect of the total change only, microsimulation can be used; but for a subgroup of lone parents, a few components ...
The Effects of EU Formula Apportionment on Corporate Tax Revenues*
Mar 01, 2008; ... Abstract The European Commission proposes to replace the current system of taxing corporate income using separate accounting by a two-step 'consolidation and apportionment' procedure. This paper uses a large set of unconsolidated firm-level data to assess the likely impact on corporate ...
Centralisation versus Decentralisation of Public Policies: Does the Heterogeneity of Individual Preferences Matter?*
Mar 01, 2008; ... Abstract This paper explores the role of the heterogeneity of fiscal preferences in the assignment of policy tasks to different levels of government (decentralisation versus centralisation). With reference to a sample of European countries, a median-voter mechanism of collective decision ...
Money for Science? The Impact of Research Grants on Academic Output*
Mar 01, 2008; ... Abstract This paper evaluates the impact of subsidies on the academic performance of researchers in Argentina. Academic performance is measured in terms of number of publications and in terms of impact factors in peer-reviewed journals. The performance of researchers with financially ...
Distributional Effects of Price Reforms in the Italian Utility Markets*
Mar 01, 2008; ... Abstract In this paper, we analyse some distributional effects of the reforms to water and energy services in Italy. We first document the new regulation setting in these services, illustrating the dynamics of utility prices and of household expenditure in the period 1998-2005. We then ...
The Actuarial Balance Sheet for Pay-As-You-Go Finance: Solvency Indicators for Spain and Sweden*
Mar 01, 2008; ... Abstract This paper provides the first estimate of the actuarial balance of the Spanish contributory pension system for the old-age contingency, based on official data. The main accounting entries are developed from the principles of double-entry bookkeeping. The novel entry in the ...
School Attendance and Skill Premiums in France and the US: A General Equilibrium Approach*
Dec 01, 2007; ... Abstract We evaluate the effect of education policies, welfare programmes, technology and demographics on the differential evolution of the skill premium and on the rise in education investment in France and the US. We use a computable general equilibrium model with overlapping ...
Tax Sensitivity in Electronic Commerce*
Dec 01, 2007; ... Abstract Empirical research into the impact of taxation on e-commerce has concluded that there is a significant positive relationship between local sales tax rates and the likelihood that a person will shop online. This paper finds that the tax sensitivity for online purchases at the ...
Fiscal Policy, Business Cycles and Economic Stabilisation: Evidence from Industrialised and Developing Countries*
Dec 01, 2007; ... Abstract This paper empirically investigates the responsiveness of fiscal policy to business cycles and the effectiveness of fiscal policy in reducing economic fluctuations. From regressions on the responsiveness of fiscal policy to business cycles, we find that the government's current ...
Why Are Mothers Working Longer Hours in Austria than in Germany? A Comparative Microsimulation Analysis*
Dec 01, 2007; ... Abstract Labour force participation rates of mothers in Austria and Germany are similar; however, full-time employment rates are much higher among Austrian mothers. In order to find out to what extent these differences can be attributed to differences in the tax-transfer system, we ...