the short run (timing and extensive responses) followed by a smaller slump in activity after the policy was withdrawn (timing response). We explore the magnitude of this career elasticity in a meta-analysis of the empirical literature on the returns to work experience and tenure, and provide numerical simulations calibrated to US micro-data. The persistent increase in remittances during the times of high food inflation provided some relief with poverty increasing less than half of what it would have been otherwise. Chapter 3 develops a theory of optimal income taxation allowing for career effects of current work effort on future wages. On the contrary, import price of food led to a general increase in prices across the board, which drastically deteriorated the consumption and nutritional status of the poor.
Best, Michael Carlos (2014 essays on the economics of taxation. First, third-party reporting of salaries by employers reduces evasion. Third, workers learn about the tax schedule from firms and become more responsive to taxation both contemporaneously (by 130) and in subsequent years (by 100). Second, firms equilibrium salary-hours offers are tailored to aggregate worker preferences in response to adjustment costs in the labour market. The success of this stimulus program stems from the large distortions created by the tax in the first place. We provide analytical characterizations that depend on estimable entities, including the elasticity of future wages to current work effort. Chapter 2 presents evidence on three ways in which firms affect workers earnings responses in Pakistan.
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Chapter 1 studies the impact of transation taxes on the housing market, using UK administrative data and quasi-experimental variation created by notches, tax reforms, and stimulus. Transaction taxes have large effects on house prices and purchases, and adjustments to tax changes are fast. Actions (login required record administration - authorised staff only). PhD thesis, The London School of Economics and Political Science (LSE). The paper also discusses the policy response required in order to cushion the impact of future crises.
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