The Resource Essays on fiscal policy and the macroeconomy, Lukas Mayr

Essays on fiscal policy and the macroeconomy, Lukas Mayr

Label
Essays on fiscal policy and the macroeconomy
Title
Essays on fiscal policy and the macroeconomy
Statement of responsibility
Lukas Mayr
Creator
Contributor
Subject
Language
eng
Summary
The three chapters of this thesis provide a theoretical and quantitative analysis of three elements of the tax-transfer system which recently received increased attention in both the academic and the public policy debate in the United States and Europe. In the first chapter, I show theoretically that optimal taxes on business owners are not entirely characterized by the usual, well established, equity-effciency trade-off but that additional "trickle down" effects reduce optimal tax rates. As taxes on business income reduce investment, the demand for labor declines, which results in lower wages. I show quantitatively, on the basis of a dynamic general equilibrium model calibrated to US data, that these effects substantially reduce the optimal progressivity of the income tax code. In the second chapter, joint with Fabian Kindermann and Dominik Sachs, we argue that the taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. On the basis of a life-cycle model calibrated to the German economy we show that for each Euro of bequest tax revenue that the government mechanically generates, it can expect another 7.6 Cent through higher labor income taxes of heirs. We show theoretically and quantitatively that a proper modeling of - empirically hard to identify - anticipation effects is crucial to obtain this result. Finally, in the third chapter, joint with Árpád Ábrahám, Joao Brogueira de Sousa and Ramon Marimon, we assess the benefits of a potential European unemployment Insurance System using a multi-country dynamic general equilibrium model with search frictions. In spite of substantial heterogeneity of labor market institutions across Europe, we find that a harmonized benefit system with a low replacement rate but an unlimited duration of eligibility is welfare improving in all countries
Cataloging source
FIE
http://library.link/vocab/creatorName
Mayr, Lukas
Date time place
Defence date: 14 June 2018
Dissertation note
Thesis (Ph. D.)--European University Institute (ECO), 2018.
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
theses
http://library.link/vocab/relatedWorkOrContributorName
European University Institute
Series statement
  • EUI PhD theses.
  • EUI theses
http://library.link/vocab/subjectName
  • Taxation
  • Fiscal policy
  • Macroeconomics
Label
Essays on fiscal policy and the macroeconomy, Lukas Mayr
Link
http://hdl.handle.net/1814/55884
Instantiates
Publication
Note
Examining board: Professor Árpád Ábrahám, EUI, Supervisor; Professor Dominik Sachs, EUI and University of Munich; Professor Nicola Pavoni, Bocconi University; Prof. Ali Shourideh, Carnegie Mellon University
Bibliography note
Includes bibliographical references (pages 137 - 142)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
30 cm.
Extent
ii, 142 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)1051718933
Label
Essays on fiscal policy and the macroeconomy, Lukas Mayr
Link
http://hdl.handle.net/1814/55884
Publication
Note
Examining board: Professor Árpád Ábrahám, EUI, Supervisor; Professor Dominik Sachs, EUI and University of Munich; Professor Nicola Pavoni, Bocconi University; Prof. Ali Shourideh, Carnegie Mellon University
Bibliography note
Includes bibliographical references (pages 137 - 142)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
30 cm.
Extent
ii, 142 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)1051718933

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