Working Papers (ECON) Titler
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problems, policies and prospectsAndersen, Torben M.; Hougaard Jensen, Svend E.; Risager, Ole (København, 1998)[Flere oplysninger][Færre oplysninger]
Resume: Over the last 25 years the Danish economy has had difficulties in growing as fast as other EU countries and the United States. While the average growth difference is small, it signals that if this trend persists into the next century, Denmark will not be able to maintain its high position in the world income hierarchy. Moreover, during these years, the number of individuals living on transfer incomes have increased dramatically. Although we interpret both tendencies as signals of structural weaknesses, we are also aware that these developments may reflect that other goals in economic policy have been pursued, such as protecting the environment and/or achieving certain redistributive objectives. This paper analyzes this and other broad policy issues of importance for Denmark. URI: http://hdl.handle.net/10398/7612 Filer i denne post: 1
1998_18.pdf (175.5Kb) -
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Møllgaard, Peter; Overgaard, Per Baltzer (København, 2001)[Flere oplysninger][Færre oplysninger]
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A Tax Optimality IndexRaimondos-Møller, Pascalis; Woodland, Alan D. (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: This paper introduces an index of tax optimality that measures the distance of some current tax structure from the optimal tax structure in the presence of public goods. In doing so, we derive a [0, 1] number that reveals immediately how far the current tax configuration is from the optimal one and, thereby, the degree of efficiency of a tax system. We call this number the Tax Optimality Index. We show how the basic method can be altered in order to derive a revenue equivalent uniform tax, which measures the size of the public sector. A numerical example is used to illustrate the method developed. JEL Code: H21, H41. Keywords: Tax optimality index, excess burden, distance function. Authors Affiliations: Raimondos-Møller: Copenhagen Business School, CEPR, CESifo, and EPRU. Woodland: University of Sydney. URI: http://hdl.handle.net/10398/7534 Filer i denne post: 1
wpec052004.pdf (385.9Kb) -
Marker-Larsen, Svend (København, 2005)[Flere oplysninger][Færre oplysninger]
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Schneider, Cedric (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: This paper analyzes the effects of mixed public-private R&D incentives and empirically tests whether patents that were publicly sponsored are more important than non-subsidized ones. Blending patents and public subsidies will allow the funding agency to subsidize inventions that would otherwise not elicit investment because the private incentive will not fully cover the cost of the invention. Thus, the policy maker will only subsidize inventions that have a high social value. The empirical analysis shows that subsidized inventions result in more important patents, as measured by the number of forward citations. URI: http://hdl.handle.net/10398/7662 Filer i denne post: 1
wp6-2008.pdf (150.8Kb) -
The Role of Fundamentals Using a Regime-Switching ApproachNielsen, Steen; Overgaard Olesen, Jan (København, 2000)[Flere oplysninger][Færre oplysninger]
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The Choice of Educational TypeAlstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe (København, 2005)[Flere oplysninger][Færre oplysninger]
Resume: This paper examines the effect of taxes on the individuals' choices of educational direction, and thus on the economy.s skill composition. A proportional labour tax induces too many workers with high innate ability to choose an educational type associated with high consumption value and low effort. This increases the skill mismatch and aggregate unemployment in the economy. The government can correct for this distortion by use of differentiated tuition fees or tax rates. JEL codes: J64, J68, H21, H24 Keywords: Unemployment, matching, education, optimal taxation, tuition fees URI: http://hdl.handle.net/10398/7562 Filer i denne post: 1
wp23-2005.pdf (207.8Kb) -
Kolm, Ann-Sofie; Larsen, Birthe (København, 2001)[Flere oplysninger][Færre oplysninger]
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A Dominance ApproachHussain, M. Azhar; Siersbæk, Nikolaj; Østerdal, Lars Peter (Frederiksberg, 2018)[Flere oplysninger][Færre oplysninger]
Resume: How did the financial crisis affect population welfare in EU member states in key dimensions such as income, health, and education? We seek to answer this question by way of welfare comparisons between countries and within countries over time, using EU-SILC data. Our study is novel in using a multidimensional first order dominance comparison approach on the basis of multi-level ordinal data. We find that the countries most often dominated are southern and eastern European member states, and the dominant countries are mostly northern and western European member states. However, for most country comparisons, there is no dominance relationship. Moreover, only a few member states have experienced a temporal dominance improvement in welfare, while no member states have experienced a temporal dominance deterioration during the financial crisis. URI: http://hdl.handle.net/10398/9657 Filer i denne post: 1
multidimensional.pdf (589.5Kb) -
Lund, Lars (København, 2003)[Flere oplysninger][Færre oplysninger]
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Huizinga, Harry; Nielsen, Søren Bo (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: Internationalization offers enhanced opportunities for individuals to place savings abroad and evade domestic saving taxation. This paper asks whether the concomi- tant loss of saving taxation necessarily is harmful. To this end we construct a model of many symmetric countries in which public goods are financed by taxes on saving and investment. There is international cross-ownership of firms, and countries are assumed to be unable to tax away pure profits. Countries then face an incentive to impose a rather high investment tax also borne by foreigners. In this setting, the loss of the saving tax instrument on account of international tax evasion may prevent the overall saving-investment tax wedge from becoming too high, and hence may be beneficial for moderate preferences for public goods. A world with 'high- spending' governments, in contrast, is made worse off by the loss of saving taxes, and hence stands to gain from international cooperation to restore saving taxation. JEL-Classifcation: H87, H21 Keywords: Capital income taxation, cross-ownership, coordination URI: http://hdl.handle.net/10398/7535 Filer i denne post: 1
wpec152004.pdf (172.2Kb) -
Møllgaard, Peter (København, 2002)[Flere oplysninger][Færre oplysninger]
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Bennett, Patrick; La Cour, Lisbeth; Larsen, Birthe; Waisman, Gisela (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: This paper explores potential explanations behind the educational gap between young natives and immigrants using two measures, negative attitudes towards immigrants and networking, which may influence natives and immigrants differently. The paper considers, both theoretically and empirically, the impact of negative attitudes and networking taking into account that these parameters may influence high and uneducated workers as well as immigrants and natives differently, creating different incentives to acquire education for the two ethnic groups. Using rich Danish administrative data, this paper finds evidence that greater negative attitudes increase incentives for males to acquire education and that networking also increases immigrant education. URI: http://hdl.handle.net/10398/9153 Filer i denne post: 1
wp 1-2015 pdf la cour larsen.pdf (2.047Mb) -
Urban, Dieter M. (København, 1998)[Flere oplysninger][Færre oplysninger]
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Hvidt, Morten; Nielsen, Søren Bo (København, 2000)[Flere oplysninger][Færre oplysninger]
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Andersen, Steffen; Harrison, Glenn W.; Hole, Arne Risa; Rutström, E. Elisabet (Frederiksberg, 2010)[Flere oplysninger][Færre oplysninger]
Resume: We develop an extension of the familiar linear mixed logit model to allow for the direct estimation of parametric non-linear functions defined over structural parameters. A classic application is the estimation of coefficients of utility functions to characterize risk attitudes. There are several unexpected benefits of this extension, apart from the ability to directly estimate structural parameters of theoretical interest. URI: http://hdl.handle.net/10398/8171 Filer i denne post: 1
wp4-2010.pdf (174.4Kb) -
Andersen, Steffen; Harrison, Glenn W.; Hole, Arne Risa; Rutström, E. Elisabet (, 2009)[Flere oplysninger][Færre oplysninger]
Resume: Experimental data exhibit considerable individual heterogeneity. We review the econometric methods employed to characterize that heterogeneity. We pay particular attention to the trade-off between collecting and allowing for observable characteristics, such as the familiar demographics, and the use of statistical methods to allow for unobserved individual heterogeneity. We demonstrate that these tools are complementary. URI: http://hdl.handle.net/10398/7802 Filer i denne post: 1
wp2009-6.pdf (420.1Kb) -
Raimondos-Møller, Pascalis; Woodland, Alan D. (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguously increase the welfare of these countries while leaving the welfare of non-members unaltered. In terms of economic policy implications, our results show that there exist regional, MFN-consistent arrangements that lead to Pareto improvements in world welfare. JEL code: F15. Keywords: Trading clubs, non-preferential tariff reform, Kemp-Wan-Ohyama proposition. URI: http://hdl.handle.net/10398/7540 Filer i denne post: 1
wpec062004.pdf (262.2Kb) -
Kleis Frederiksen, Niels (København, 1998)[Flere oplysninger][Færre oplysninger]
Resume: This note discusses the generational incidence of consumption taxes in an OLG framework. The objective is to highlight the channels through which an increase in, e.g., a VAT redistributes income across generations. It turns out that with labor supply exogenous VAT incidence is very similar to the impact of a PAYG pension system or government debt. URI: http://hdl.handle.net/10398/7578 Filer i denne post: 1
1998_5.pdf (925.5Kb)