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    <title>EconStor Collection: Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin</title>
    <link>http://hdl.handle.net/10419/107</link>
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  <item rdf:about="http://hdl.handle.net/10419/54729">
    <title>Foreign aid and revenue response: An examination of joint General Budget Support</title>
    <link>http://hdl.handle.net/10419/54729</link>
    <description>Title: Foreign aid and revenue response: An examination of joint General Budget Support
&lt;br/&gt;
&lt;br/&gt;Authors: Knoll, Martin
&lt;br/&gt;
&lt;br/&gt;Abstract: The present paper explores the extent to which new joint General Budget Support (GBS) systems have been able to overcome the problems of aid dependency and negative fiscal incentives that can potentially result from high levels of on-budget aid. As approximately 90 percent of new joint GBS goes to sub-Saharan Africa, this analysis, which covers the period from 2000 to 2008, evaluates data from 37 sub-Saharan developing countries. According to fixed effect and system GMM estimations, joint GBS assistance - although highly discretionary - does not undermine recipients' revenue mobilization efforts. Indeed, on the contrary, while aid in general has no measurable impact on recipients' revenue performance, joint GBS programs are associated with higher revenue mobilization. This suggests that on-budget aid delivered under well-targeted conditionality successfully mitigates adverse fiscal incentives while substantially enhancing recipients' fiscal space.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/54728">
    <title>Monetary policy and unemployment in open economies</title>
    <link>http://hdl.handle.net/10419/54728</link>
    <description>Title: Monetary policy and unemployment in open economies
&lt;br/&gt;
&lt;br/&gt;Authors: Engler, Philipp
&lt;br/&gt;
&lt;br/&gt;Abstract: After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate unemployment decreases workers' subjective well-being, which can be explained by an increased risk of becoming unemployed. I take account of this effect in an otherwise standard New Keynesian open economy model with unemployment as in Galí (2010) and find two important results with respect to expansionary monetary policy shocks: First, the usual wealth effect in New Keynesian models of a declining labor force, which is at odds with the data as highlighted by Christiano, Trabandt and Walentin (2010), is shut down. Second, the welfare effects of such shocks improve considerably, modifying the standard results of the open economy literature that set off with Obstfeld and Rogoff's (1995) redux model.</description>
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  <item rdf:about="http://hdl.handle.net/10419/54727">
    <title>Sharing the burden: Empirical evidence on corporate tax incidence</title>
    <link>http://hdl.handle.net/10419/54727</link>
    <description>Title: Sharing the burden: Empirical evidence on corporate tax incidence
&lt;br/&gt;
&lt;br/&gt;Authors: Dwenger, Nadja; Rattenhuber, Pia; Steiner, Viktor
&lt;br/&gt;
&lt;br/&gt;Abstract: This study assesses the burden of capital income tax passed onto labor through wage bargaining over economic rents, using estimations based on a unique pseudo-panel data set from Germany for the period 1998 to 2006. Tax return data cover the universe of corporations subject to corporate income tax, and labor market variables reflect the full record of employees covered by Social Security. We find that wage bargaining after a reduction in tax rates does not increase the wage bill if employment effects neglected by previous empirical studies are taken into account. Any increase in the total wage bill by higher wage rates set is equally compensated for by lower levels of employment. If adjustments in employment due to the increased user cost of capital are taken into account, a cut in corporate income taxes by 1 euro increases the wage bill by 0.47 euro. The identification of these effects comes from variation in the firm-specific average corporate tax rate across firms and over time resulting from two substantial tax reforms. The endogeneity of the firmspecific tax rate is controlled for by an instrumental variable approach. The instrument for the observed average tax rate is the counterfactual tax rate that a corporation would have faced in a particular period, had there been no endogenous change of its tax base, constructed using a detailed microsimulation model.</description>
  </item>
  <item rdf:about="http://hdl.handle.net/10419/54726">
    <title>Redistribution and insurance in the German welfare state</title>
    <link>http://hdl.handle.net/10419/54726</link>
    <description>Title: Redistribution and insurance in the German welfare state
&lt;br/&gt;
&lt;br/&gt;Authors: Bartels, Charlotte
&lt;br/&gt;
&lt;br/&gt;Abstract: Welfare states redistribute both between individuals (inter-individual redistribution) reducing annual, cross-sectional inequality and over the lifecycle of an individual (intra-individual redistribution) insuring individuals against income risks in the long-term. But studies measuring redistribution often focus on a one-year period and the second aspect is neglected. To quantify both inter- and intra-individual redistribution in Germany this study uses SOEP data from 1984 to 2009 to construct long-term incomes over a 20-year period. Results show that annual, cross-sectional inequality is higher than inequality in the long-run, but the effect of redistribution is also larger annually than in the long-term. Depending on age the distributional focus of the German welfare state differs. When persons are young, state intervention reduces income differences between individuals mainly through the progressive tax system. Getting older and reaching retirement age income-smoothing redistribution via social security pensions becomes central.</description>
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