Tax policy reform: why we need microeconomics
Article Abstract:
Microeconomics can be useful in tax policy analysis. Three important aspects of microeconomics are emphasized in three crucial tax and benefit reforms. Micro data was used to identify the large degree of shifting from other interest-bearing accounts on the introduction of tax-exempt special savings accounts. An analysis of the time series of policy reforms was successfully used to examine the impact of reforms to work incentives, while knowledge of behavioral responses was shown to improve the ability to measure the gains of reforms on individual welfare and its distribution.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1995
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Human capital investment: the returns from education and training to the individual, the firm and the economy
Article Abstract:
Human capital, such as education and training, positively affects individual, firm and national economic growth. Empirical macroeconomic evidence reveals that at the individual level, education brings positive economic returns. Such positive effect is affected by the type and level of the qualification obtained. The evidence also reveals that training leads to substantial wage returns for the individual. Like education, the effect of training on wage returns is affected by the source and type of training courses.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1999
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Labour supply and taxation: a survey
Article Abstract:
An evaluation of the role played by labour supply in tax reform analysis is presented. It is presumed that the relationship between taxation and labour supply is inverse, but there are a number of factors which distort the relationship. These include benefits, cyclical unemployment, the costs to working women of childcare, age and wealth of workers and collective bargaining. It is important that these factors are considered when making micro simulation models.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1992
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