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2014-10-20Buch DOI: 10.18452/4549
A MacroeconomicPerspective on theEquivalence of Taxes Paidby Employers andEmployees
dc.contributor.authorVoigts, Simon
dc.date.accessioned2017-06-16T01:08:29Z
dc.date.available2017-06-16T01:08:29Z
dc.date.created2015-05-07
dc.date.issued2014-10-20
dc.date.submitted2014-10-20
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5201
dc.description.abstractConventional wisdom states that the statutory split of payroll taxa- tion between firms and workers is of no macroeconomic relevance, because the tax incidence is fully determined by the market structure. This pa- per breaks with this view by establishing a theoretical link between the statutory split and the average volatility of prices and wages. It is shown that shifting taxation towards workers significantly reduces the volatility in nominal variables without entailing long-run redistribution. The gain in stability of prices and wages reduces ineficiencies in the equilibrium allocation of the stochastic model and thereby reduces welfare costs of business cycle fructuations. In a standard DSGE model, welfare costs un- der the full taxation of firms are 11.25% larger than under the full taxation of workers.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectbusiness cycleseng
dc.subjectPayroll taxeseng
dc.subjectsocial securityeng
dc.subjectautomatic stabilizerseng
dc.subjectoptimal taxationeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleA MacroeconomicPerspective on theEquivalence of Taxes Paidby Employers andEmployees
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100229566
dc.identifier.doihttp://dx.doi.org/10.18452/4549
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages38
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2014
local.edoc.container-issue61
local.edoc.container-year2014
local.edoc.container-erstkatid2195055-6

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