| 31. |
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| 32. |
- Aronsson, Thomas, 1963-, et al.
(författare)
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Federal Governments Should Subsidize State Expenditure that Voters do not Consider when Voting
- 2014
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This short paper analyzes whether a federal transfer system can be designed to increase welfare, when state governments create political budget cycles to increase the likelihood of reelection. The results show how the federal government may announce a transfer scheme in advance for the post-election year that counteracts the welfare costs of political budget cycles.
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| 33. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Federal subsidization of state expenditure to reduce political budget cycles
- 2017
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Ingår i: International Tax and Public Finance. - Dordrecht : Springer. - 0927-5940 .- 1573-6970. ; 24:3, s. 536-545
-
Tidskriftsartikel (refereegranskat)abstract
- In this note, we analyze whether a federal transfer system can be designed to increase welfare when state governments create political budget cycles. The results show how the federal government can counteract the welfare costs of these cycles, without hindering politicians from signaling their type, by announcing a transfer scheme to subsidize expenditures that voters do not consider when voting.
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| 34. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Gender Norms, Work Hours, and Corrective Taxation
- 2015
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Ingår i: Journal of Behavioral and Experimental Economics. - : Elsevier. - 2214-8043 .- 2214-8051. ; 56, s. 33-39
-
Tidskriftsartikel (refereegranskat)abstract
- This paper deals with optimal income taxation based on a household model, where men and women allocate their time between market work and household production, and where households differ depending on which spouse has the comparative advantage in market work. The purpose is to analyze the tax policy implications of gender norms represented by a market work norm for men and household work norm for women. We show how the optimal (corrective) tax policy depends on the definition of social norms, the preferences for obeying these norms, and whether men or women have the comparative advantage in market work. Two extreme results are that (i) corrective taxation should not be used at all if the norms are based on the mean value of market work and household work, respectively, given that all households have the same preferences, and (ii) only the majority household type should be taxed at the margin if the norms are instead based on the modal value.
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| 35. |
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| 36. |
- Aronsson, Thomas, 1963-, et al.
(författare)
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Genuine Saving and Positional Externalities
- 2017
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Ingår i: International Economic Review. - : Wiley. - 0020-6598 .- 1468-2354. ; 58:4, s. 1155-1190
-
Tidskriftsartikel (refereegranskat)abstract
- Much evidence suggests that people are concerned with their relative consumption. Yet, positional externalities have so far been ignored in savings-based indicators of sustainable development. This article examines the implications of relative consumption concerns for measures of sustainable development by deriving analogues to genuine saving when people are concerned with their relative consumption. Unless the positional externalities have been internalized, an indicator of such externalities must be added to genuine saving to arrive at the proper measure of welfare change. We also show how relative consumption concerns affect the way public investment ought to be reflected in genuine saving.
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| 37. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Genuine saving and the social cost of taxation
- 2012
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Ingår i: Journal of Public Economics. - Amsterdam : Elsevier. - 0047-2727 .- 1879-2316. ; 96:1-2, s. 211-217
-
Tidskriftsartikel (refereegranskat)abstract
- Following the 1987 report by The World Commission on Environment and Development, the genuine saving has come to play a key role in the context of sustainable development, and the World Bank regularly publishes numbers for genuine saving on a national basis. However, these numbers are typically calculated as if the tax system is non-distortionary. This paper presents an analogue to genuine saving in a second best economy, where the government raises revenue by means of distortionary taxation. We show how the social cost of public debt, which depends on the marginal excess burden, ought to be reflected in the genuine saving. By presenting calculations for Greece, Japan, Portugal, U.K., U.S. and OECD average, we also show that the numbers published by the World Bank are likely to be biased and may even give incorrect information as to whether the economy is locally sustainable.
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| 38. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Globalization, Time-Preferences, and Populist Voting
- 2020
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to borrowing constraints. Using German data, we confirm that impatient voters choose right-wing antiglobalist parties. Similarly, we show for the United Kingdom that a preference for immediate gratification increases the support for right-wing anti-globalist parties as well as for Brexit. A policy implication of our study is that governments may use up-front redistribution to gain voters’ support for further globalization.
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| 39. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Habit Formation and the Pareto-Efficient Provision of Public Goods
- 2017
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This paper examines the implications of habit formation in private and public consumption for the Pareto-efficient provision of public goods, based on a two-period model with nonlinear taxation. If the public good supply is time-invariant, the presence of habit formation generally alters the standard rules for public good provision. In contrast, if the public good is a flow-variable such that the government directly decides on the level of the public good in each period, habit formation leads to a modification of the first best Samuelson condition only if the degrees of habituation differ for private and public consumption. Since habit formation affects the incentives to relax the self-selection constraint through public good provision, however, habituation alters the second-best analogue to the Samuelson condition also when the degrees of habituation in private and public consumption coincide.
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| 40. |
- Aronsson, Thomas, 1963-, et al.
(författare)
-
Habit formation and the pareto-efficient provision of public goods
- 2022
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Ingår i: Social Choice and Welfare. - : Springer-Verlag New York. - 0176-1714 .- 1432-217X. ; 59, s. 669-681
-
Tidskriftsartikel (refereegranskat)abstract
- This paper examines the implications of habit formation in private and public goods consumption for the Pareto-efficient provision of public goods, based on a two-period model with nonlinear taxation. Under weak leisure separability, and if the public good is a flow-variable such that the government directly decides on the level of the public good in each period, habit formation leads to a modification of the policy rule for public good provision if, and only if, the degrees of habituation differ for private and public good consumption. By contrast, if the public good supply is time-invariant, the presence of habit formation generally alters the policy rule for public good provision.
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