Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/339278 
Erscheinungsjahr: 
2026
Schriftenreihe/Nr.: 
Working Paper No. 2026-01
Verlag: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Zusammenfassung: 
In 1991 and 2008, Israel abolished the equivalents of 1¢ and 5¢ coins, respectively, effectively eliminating low-denomination coins and introducing rounding in cash transactions. When totals were rounded up, shoppers incurred a small rounding tax. Using detailed data on price endings and basket sizes across supermarkets, drugstores, small groceries, and convenience stores, we estimate that the magnitude of the rounding tax borne by Israeli consumers averaged only 0.001%-0.002% of revenues in the fast-moving consumer goods markets. These findings have implications for the ongoing debate regarding the desirability and viability of abolishing the 1¢ and 5¢ coins in the US.
Schlagwörter: 
Rounding Tax
Round Prices
Price Rounding Regulation
9-Ending Prices
Just-Below Prices
Currency Indivisibility
Rigid and Flexible Prices
Elimination of Low-Denomination Coins
Cost of Producing Low-Denomination Coins

coin

coin
JEL: 
L51
K00
K20
L11
L40
M30
Dokumentart: 
Working Paper

Datei(en):
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