Ebook: Empirical Approaches to Fiscal Policy Modelling

Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December 1989. In particular, the development of the literature on applied general-equilibrium modelling has found most of its applications in the field of taxation, enlarging and completing the estimation of the welfare loss due to distortionary taxes. In this context an important extension has been the introduction of overlapping-generation models. Furthermore, it has become clear that most individual decisions, especially the decision whether or not to work, are dependent upon the tax system, in the sense that the higher the marginal income tax the larger the wedge between labour cost and take-home pay, the last one being the decision variable in the demand for leisure. Finally, in the European context, the completion of the internal market has brought about the necessity to harmonize fiscal systems in the EEC member countries. A number of papers study, therefore, the effects of fiscal reform on efficiency, welfare and growth.

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Content:
Front Matter....Pages i-xi
Introduction....Pages 1-6
Front Matter....Pages 7-7
The excess burden of taxation in the US....Pages 9-24
An intertemporal general-equilibrium model of taxation in Italy....Pages 25-48
Crowding out in a two-country overlapping-generations model....Pages 49-60
Cost of capital, investment location and marginal effective tax rate: methodology and application....Pages 61-80
Front Matter....Pages 81-81
Household saving, portfolio selection and taxation in France....Pages 83-111
Incomes and transitions within the labour force in Holland....Pages 113-136
Labour supply decisions and non-convex budget sets: the case of national insurance contributions in UK....Pages 137-162
Income taxation and the supply of labour in West Germany: A microeconometric analysis with special reference to the West German Income Tax Reforms 1986–1990....Pages 163-182
Front Matter....Pages 183-183
Tax rates, progressivity and de facto fiscal indexation in ten European countries....Pages 185-215
Tax policy at the bifurcation between equity and efficiency: lessons from the German income tax reform....Pages 217-234
Exploring the distribution and incentive effects of tax harmonization....Pages 235-250
The European internal market and the welfare of Italian consumers....Pages 251-261
Tax reform within the EEC internal market: empirical analysis with two macroeconomic modelling approaches....Pages 263-286
Back Matter....Pages 287-297

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Content:
Front Matter....Pages i-xi
Introduction....Pages 1-6
Front Matter....Pages 7-7
The excess burden of taxation in the US....Pages 9-24
An intertemporal general-equilibrium model of taxation in Italy....Pages 25-48
Crowding out in a two-country overlapping-generations model....Pages 49-60
Cost of capital, investment location and marginal effective tax rate: methodology and application....Pages 61-80
Front Matter....Pages 81-81
Household saving, portfolio selection and taxation in France....Pages 83-111
Incomes and transitions within the labour force in Holland....Pages 113-136
Labour supply decisions and non-convex budget sets: the case of national insurance contributions in UK....Pages 137-162
Income taxation and the supply of labour in West Germany: A microeconometric analysis with special reference to the West German Income Tax Reforms 1986–1990....Pages 163-182
Front Matter....Pages 183-183
Tax rates, progressivity and de facto fiscal indexation in ten European countries....Pages 185-215
Tax policy at the bifurcation between equity and efficiency: lessons from the German income tax reform....Pages 217-234
Exploring the distribution and incentive effects of tax harmonization....Pages 235-250
The European internal market and the welfare of Italian consumers....Pages 251-261
Tax reform within the EEC internal market: empirical analysis with two macroeconomic modelling approaches....Pages 263-286
Back Matter....Pages 287-297
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