How regional differences in taxes and public goods distort life cycle location choices

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National Bureau of Economic Research , Cambridge, MA
Taxation -- United States -- Econometric models., Taxation -- New England -- Econometric models., Moving, Household -- Economic aspects., United States -- Economic conditions -- Regional disparities, New England -- Economic conditions -- Regional dispari
StatementLaurence Kotlikoff, Bernd Raffelhueschen.
SeriesNBER working papers series -- working paper no. 3598, Working paper series (National Bureau of Economic Research) -- working paper no. 3598.
ContributionsRaffelhueschen, Bernd., National Bureau of Economic Research.
The Physical Object
Pagination58 p. ;
ID Numbers
Open LibraryOL22438283M

Laurence Kotlikoff & Bernd Raffelhueschen, "How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices," NBER Working PapersNational Bureau of Economic Research, Inc. Laurence J. Kotlikoff & Bernd Raffelhüeschen & Christian D.

Hagist, "How regional differences in taxes and public goods distort life cycle location choices," Hacienda Pública Española, IEF, vol.

Description How regional differences in taxes and public goods distort life cycle location choices FB2

(2), pagesJune. How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices Laurence Kotlikoff, Bernd Raffelhueschen. NBER Working Paper No. Issued in January NBER Program(s):Public Economics.

Locational choice is one of the fundamental exercises of consumer sovereignty. Get this from a library. How Regional Differences in Taxes and Public Goods Distort Life Cycle Location Choices.

[Bernd Raffelhueschen; Laurence Kotlikoff; National Bureau of Economic Research.;] -- Locational choice is one of the fundamental exercises of consumer sovereignty. When regions (or localities within regions) specify different tax rates or supply different.

How regional differences in taxes and public goods distort life cycle location choices. Cambridge, MA: National Bureau of Economic Research, [] (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Laurence J Kotlikoff; Bernd Raffelhüschen; National Bureau of Economic Research.

How regional differences in taxes and public goods distort life cycle location choices Article Schlagworte: Gesetzliche Rentenversicherung / Gesundheitsreform / Sozialversicherungsbeitrag. How regional differences in taxes and public goods distort life cycle location choices Article Optimal life-cycle investing with flexible labor supply: A welfare analysis of default investment.

Agglomeration, Migration and Tax Competition. How regional differences in taxes and public goods distort life cycle location choices.

How regional differences in taxes and public goods. Econ Chapter 16 Public Choices and Public Goods Public Goods, Externalities and Khan Academy 8, views. Econ Chapter 9 Possibilities, Preferences and Choices.

Book. Full-text available. How regional differences in taxes and public goods distort life cycle location choices. Article. Network. Cited. View All. Gebhard Kirchgässner. The paper empirically test whether regional differences in personal taxes (Personal Income Tax, Wealth Tax, and Inheritance and Gift Tax) have had some influence on.

NBER Program(s):Public Economics Program. In this paper we construct measures of tax incidence over the life-cycle and compare these measures to traditional measures based on annual data.

We show that annual measures of the incidence of taxes on consumption goods may differ from life-cycle measures for three reasons. Costs of Taxation and the Benefits of Public Goods: The Role of Income Effects Perhaps the central questions for government policy makers are what goods, in what quantities, they should provide, and what level and mix of taxes they should use to pay for them.

Given the importance of these questions, one might expect reasonable agreement. When the government prevents prices from adjusting naturally to supply and demand, it hinders the invisible hand's ability to coordinate the decisions of households and firms.

Taxes unfavorably affect the share of resources as taxes distort prices and thus the decisions of. What is a mathematical technique used for finding the best location for a single distribution point that services several stores or areas.

center-of-gravity method A goods-producing location decision would likely emphasize the importance of which of the following. government may be able to overcome the free rider problem with public goods by providing the public goods and imposing taxes to pay for nature of public goods is such that the government cannot accurately assess the benefits and costs of those affected.

al defense and flood control are illustrations of public goods.

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The business cycle is the a. predictable changes in economic activity due to changes in government spending and taxes. irregular fluctuations in economic activity.

relationship between unemployment and inflation. positive relationship between the quantity of money in an economy and inflation. 16 PUBLIC GOODS AND TAXES K e y C o n c e p t s The Economic Theory of Government Government economic action often results in response to four problems: ♦ Public goods — goods or services that can be con-sumed by everyone and from which no one can be excluded (discussed in this chapter).

♦ Taxes and redistribution — government actions modify the. Start studying Economy. Learn vocabulary, terms, and more with flashcards, games, and other study tools. meausre of the change in price over a set period of time of some specific goods and services used by the average urban household. command economy.

and high consumer spending best illustrates this period of the busines cycle. Public opinion and priorities have strong influence on public policy over time. Relevant to sustainable businesses is the increasing public concern about the environment, volatile energy prices, and global climate change.

This is influencing public policy through electoral politics, citizen rallies, and actions that affect governmental decision.

public goods provision literature in which the stipulated method of finance does involve an additional distortionary cost. Or consider Browning and Liu’s central claim that in some of my examples it would be possible to finance the public good in a different manner (namely, a lump-sum tax), such that there would be less by: Chapter 16 Public Choices and Public Goods When market failure occurs, too many of some things and too few of some other things are pro-duced.

Choices made in the pursuit of self-interest have not served the social interest. By reallocating resources, it is possible to make some people better off while making no one worse off. The market economy also delivers a.

Goods like education and health care are not strictly public goods (though they are often referred to as public goods). In a free market, provision tends to be patchy and unequal. Universal education provided by the government ensures that, in theory, everyone can gain an education, which has a strong social benefit.

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The impact of direct-indirect taxation on consumer Development or up gradation of social life in the community. 1-The public authority works in different ways for the benefit and welfare of the people. The Government Public revenue includes income from taxes, prices of goods and services supplied by public enterprises.

enforcement and public safety offi cials - Explain the role of elected leaders, including mayor, governor, and president - Summarize the role of community workers who provide goods and services - Explain how people’s choices about what to buy will determine what goods and services are producedFile Size: 36KB.

public goods involves the use of dis-tortionary taxes, notably, the income tax. This view dates from Pigou (), who stated that the benefits of public goods must exceed their direct costs by an amount sufficient to outweigh the distortionary cost of taxation.

Pigou's argument has been formalized and refined in subsequent work, beginning. Macroeconomic Theory, Econ - François Geerolf Macroeconomic Theory, Econ Assignment 5 - Short-Run II Exercise Consumption and the Real Interest Rate - C Ex 9 According to the life-cycle/ permanent-income hypothesis, consumption depends on the present discounted value of income.

Chapter 8 Application: The Costs of Taxation. Review Questions. What three factors must be taken into account in order to fully understand the effect of taxes on the more taxes in that market distort behavior, and the more likely it is that a tax cut will raise tax Size: KB.

Sales taxes are an important source of revenue for most states and some large cities and counties. The tax rate varies from state to state, and the list of taxable goods or services also varies from one state to the next.

Excise taxes, sometimes called "luxury taxes," are used by both state and Federal Governments. dynamics associated with different life stages, defined with respect to a person’s family circumstances, as well as age. We examine, for example, whether a young adult in a couple without children is more likely than average to experience a rising or falling income.

A key element in the importance of the life cycle is that each life stage in part. does not distort. The situation is more complicated when we have a pre-existing tax and are considering the combined effect of higher rates and provision of a public good, but the same basic idea holds.

Labor supply may be unaffected, but perhaps labor supply (and utility) would be higher if the public good was financed by a different tax.

A public good is a product that one individual can consume without reducing its availability to another individual, and from which no one is excluded. Economists refer to public goods as "non-rivalrous" and "non-excludable." National defense, sewe.life cvcle labor supply decision.

If individuals are free to set their hours of work, and if wage rates change systematicallv over the life cycle, the path of consumption of market goods will depend on the wage rate at each age unless goods and leisure are independent of each other in utility.

There is strong empirical evidence that.