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| 2. |
- Bingley, Paul, et al.
(författare)
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Employer Pay Policies, Public Transfers and the Retirement Decisions of Men and Women in Denmark
- 2004
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Ingår i: European Economic Review. - : Elsevier. - 0014-2921 .- 1873-572X. ; 48:1, s. 181-200
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Tidskriftsartikel (refereegranskat)abstract
- The empirical retirement literature measures individual responses to variations in income flows due to public transfers, private individual or employer-provided pensions. We estimate a model accounting for the incentive effects from these sources. A dynamic structural model is extended to allow both individual and employer heterogeneity. This is applied to a Danish matched panel of workers and establishments, spanning a period of reforms to a public early retirement programme. Employer-specific compensation is found to be an important determinant of work and retirement income flows. Employer effects on retirement age are only found among sub-samples where access to public transfers is limited.
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| 3. |
- Bingley, Paul, et al.
(författare)
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The Incidence of Income Tax on Wages and Labour Supply
- 2002
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Ingår i: Journal of Public Economics. - : Elsevier. - 0047-2727 .- 1879-2316. ; 83:2, s. 173-194
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Tidskriftsartikel (refereegranskat)abstract
- In the simple framework of a static model for equilibrium wages and labour supplies, we show that the incidence of income tax on equilibrium wages can be measured independently from the individual labour supply elasticity. This extends recent work by [Journal of Labour Economics, 15(3) (1997) S72-S101] and [Journal of Public Economics, 65 (1997) 119-145], who estimate tax incidence on earnings, and [Econometrica, 66(4) (1998) 827-861] and [NBER Working Paper 5023 (1995)], who estimate labour supply elasticities, Our measurements are based on a large multi-level longitudinal data set of Danish private sector establishments and workers. We show that, allowing for labour supply response, there is strong evidence for partial shifting of the burden of income tax from worker to employer. Higher marginal tax rates are associated with increases in gross wages and earnings
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| 4. |
- Chevalier, Arnaud, et al.
(författare)
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Monotonicity and the Roy Model
- 2004
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Ingår i: Manchester School. - : John Wiley & Sons. - 1463-6786 .- 1467-9957. ; 72:4, s. 560-567
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Tidskriftsartikel (refereegranskat)abstract
- In this note we study the implications on a bivariate normal Roy model of two sets of monotonicity hypotheses proposed recently by Manski and Pepper (Econometrica, Vol. 64 (2000), pp. 997–1011). In that simple context, we show that these hypotheses imply strong restrictions on the correlations structure between the decision and the rewards.
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| 5. |
- Devereux, Michael, et al.
(författare)
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Measuring tax incidence : an application to mortgage provision in the UK
- 2003
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Ingår i: Journal of Public Economics. - : Elsevier. - 0047-2727 .- 1879-2316. ; 87:7-8, s. 1747-1778
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Tidskriftsartikel (refereegranskat)abstract
- This paper derives measures of the average and marginal incidence of a tax or subsidy in imperfect competition, in the context of the UK housing market. We argue that one form of mortgage, common in the UK but not elsewhere (the endowment mortgage), exists primarily because of the structure of taxation in the UK. We estimate the determinants of the choice of the type of mortgage, and the size of mortgage conditional on the choice, using data from the Building Societies Association on 43 000 individual mortgages taken out between 1985 and 1989. The estimated parameters are an input to the incidence measures. Results suggest that between 70 and 80% of the additional subsidy to endowment mortgages is captured by lenders, rather than borrowers.
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| 6. |
- Farrell, Lisa, et al.
(författare)
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The demand for lotto : the role of conscious selection
- 2000
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Ingår i: Journal of business & economic statistics. - : American Statistical Assoication. - 0735-0015 .- 1537-2707. ; 18:2, s. 228-241
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Tidskriftsartikel (refereegranskat)abstract
- This article presents estimates of the elasticity of demand for lottery tickets using time series data in which there is variation in the expected value of a lottery ticket induced by rollovers. An important feature of our data is that there are far more rollovers than expected given the lottery design. We find strong evidence that individuals do not choose their lottery numbers uniformly from a uniform distribution-that is, conscious selection. We use our estimates to derive the inverse supply function for the industry, and this enables us to identify the demand elasticity. We find the price elasticity to be close to unity, which implies that the operator is revenue maximizing-which is the regulator's objective.
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| 7. |
- Hartley, Roger, et al.
(författare)
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On the design of lottery games
- 2003
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Ingår i: Journal of the Operational Research Society. - : Palgrave Macmillan. - 0160-5682 .- 1476-9360. ; 54:1, s. 89-100
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Tidskriftsartikel (refereegranskat)abstract
- We describe a model of participation in lottery games designed to address the optimisation of tax revenue in state-sponsored lotteries. The model treats participants dynamically and examines a long-run equilibrium. A novel high frequency approximation is used to turn the problem into a static, state-contingent deterministic programming problem. We demonstrate that the solution of this problem has qualitatively plausible properties and then calibrate the model against the United Kingdom National Lottery (UKNL). The results suggest that the current design of the UKNL may not be maximising tax revenue.
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| 8. |
- Laffond, Gilbert, et al.
(författare)
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Un modèle dynamique de compétition électorale
- 2000
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Ingår i: Décision, prospective, auto-organisation. - Paris : Dunod Editeur. - 2100046535 ; , s. 425-454
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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