Public Finance Review articles from July 1998

Public Finance Review archives from July 1998

Unemployment insurance and experience rating in a simple model of involuntary unemployment.
July 1, 1998... I. INTRODUCTION This article addresses the effects of experience-rated unemployment insurance when unemployment is involuntary. The standard view is that experience rating is desirable because it confronts firms with firing costs and...

Central regulation of local authorities.
July 1, 1998... Fiscal policy making at the local level involves three distinct allocation decisions: setting the mix between private and local public spending, setting the mix between different spending categories, and determining the intertemporal...

When do small countries win tax wars?
July 1, 1998... INTRODUCTION Capital tax competition has long been an issue in federal states when lower levels of governments have some autonomy over the tax rates applicable for personal and corporate income taxation. In the United States, the effects of...

Tax evasion by misinforming withholding agents.
July 1, 1998... I. INTRODUCTION Under most tax systems, wage earners' taxes are deducted at source by withholding regulations.(1) Two major forms of withholding exist: exact withholding without obligatory filing of an end-of-year tax return (the British...

Tax overwithholding as a response to uncertainty.
July 1, 1998... U.S. taxpayers tend to overwithhold their income taxes. In recent years, the proportion of all taxpayers who overwithhold sufficiently to receive refunds has averaged nearly 75%. There is no consensus, however, on why taxpayers do so. This...

Financing a nationalized monopoly: Coase's versus Hotelling-Lerner's solution.
July 1, 1998... The solution of Hotelling (1938) and Lerner (1944) to the problem of optimal policy for a nationalized monopoly consists of equalizing market price to marginal cost and financing the losses derived from economies to scale through...