progress towards welfare. Most often, only the income aspects of welfare are considered as most of the studies use the GDP per capita and other poverty incidence indicators, ignoring the non-monetary measures of welfare. In this study, HDI, which in
serious because they meant a drastic reversal of earlier conditions of full employment, greater equality and low poverty incidence ( Nuti 2007 ). He also emphasized the disastrous consequences of hyper-liberal policies, particularly excessively restrictive
This paper examines the effects of company income taxation. Therefore, a tax system is implemented in a dynamic, stochastic macroeconomic model with endogenous financial structure. In addition to the long-term level effects that are in line with the deterministic public economics literature, cyclical effects are identified. Besides insurance incidences, company income taxation implies amplifying effects. Depending on the model’s frictions, the latter can dominate and lead to more volatile business cycles.
latter is evidenced by the analysis of tax incidence, whereby the legal incidence of taxes might differ, sometimes significantly, from their true economic incidence ( Fullerton – Metcalf 2002 ). For instance, a labour tax hike may hinder job creation
differential in poverty (captured through incidence, depth, and severity). The FGT index was used in other studies as well ( Awotide 2012; Aristondo 2018 ). Hence, we consider three versions of the income poverty index to shed more light on different aspects of
line, it provides a useful indicator of a more general form of non-standard work beyond just platform work. Between 2000 and 2018, the incidence of own-account working rose in many but not all EU countries and so was broadly stable for the EU as a whole