Suchergebnisse

In this paper, we demonstrate the potential of behavioural microsimulation models as powerful tools for the ex ante evaluation of public policies. The subject of our analysis is the impact of recent Spanish Income Tax reforms on efficiency and household and social welfare. We also analyze the likely effects of some basic income - flat tax and vital minimum - flat tax schemes. The analysis is carried out using a microsimulation model in which labour supply is explicitly taken into account. Instead of following the traditional continuous approach (Hausman 1981, 1985a, and 1985b), we estimate the direct utility function using the methodology proposed by Van Soest (1995). Our data come from a sample of Spanish individuals in the 1995 wave of the EC Household Panel. We show that in the Spanish case, the redistribution policies considered have only little impact on the efficiency of the economy. On the contrary, they strongly affect social welfare. ; Dans cet article, on démontre le potentiel des modèles de microsimulation avec comportements dans l'évaluation ex ante des politiques publiques. Le sujet de notre analyse est l'impact sur l'efficacité et sur le bien-être des ménages, des réformes récentes de l'impôt sur les revenus implémentées en Espagne. On analyse aussi les effets de certains scénarios de réforme inspirés de la logique du revenu minimum - impôt linéaire. L'analyse est effectuée à l'aide d'un modèle de microsimulation avec réactions d'offre de travail. Au lieu de suivre l'approche traditionnelle à la Hausman (1981, 1985a, 1985b), on estime directement les paramètres de la fonction d'utilité en employant la méthodologie proposée par Van Soest (1995). Les données ont été récupérées à partir de la vague 1995 du Panel européen des ménages (ECHP). On démontre que, dans le cas espagnol, les politiques redistributives implémentées ont des effets mineurs sur l'efficacité économique, par contre, elles augmentent de façon importante le bien-être social.

In this paper, we demonstrate the potential of behavioural microsimulation models as powerful tools for the ex ante evaluation of public policies. The subject of our analysis is the impact of recent Spanish Income Tax reforms on efficiency and household and social welfare. We also analyze the likely effects of some basic income - flat tax and vital minimum - flat tax schemes. The analysis is carried out using a microsimulation model in which labour supply is explicitly taken into account. Instead of following the traditional continuous approach (Hausman 1981, 1985a, and 1985b), we estimate the direct utility function using the methodology proposed by Van Soest (1995). Our data come from a sample of Spanish individuals in the 1995 wave of the EC Household Panel. We show that in the Spanish case, the redistribution policies considered have only little impact on the efficiency of the economy. On the contrary, they strongly affect social welfare. ; Dans cet article, on démontre le potentiel des modèles de microsimulation avec comportements dans l'évaluation ex ante des politiques publiques. Le sujet de notre analyse est l'impact sur l'efficacité et sur le bien-être des ménages, des réformes récentes de l'impôt sur les revenus implémentées en Espagne. On analyse aussi les effets de certains scénarios de réforme inspirés de la logique du revenu minimum - impôt linéaire. L'analyse est effectuée à l'aide d'un modèle de microsimulation avec réactions d'offre de travail. Au lieu de suivre l'approche traditionnelle à la Hausman (1981, 1985a, 1985b), on estime directement les paramètres de la fonction d'utilité en employant la méthodologie proposée par Van Soest (1995). Les données ont été récupérées à partir de la vague 1995 du Panel européen des ménages (ECHP). On démontre que, dans le cas espagnol, les politiques redistributives implémentées ont des effets mineurs sur l'efficacité économique, par contre, elles augmentent de façon importante le bien-être social.

In this paper, we demonstrate the potential of behavioural microsimulation models as powerful tools for the ex ante evaluation of public policies. The subject of our analysis is the impact of recent Spanish Income Tax reforms on efficiency and household and social welfare. We also analyze the likely effects of some basic income - flat tax and vital minimum - flat tax schemes. The analysis is carried out using a microsimulation model in which labour supply is explicitly taken into account. Instead of following the traditional continuous approach (Hausman 1981, 1985a, and 1985b), we estimate the direct utility function using the methodology proposed by Van Soest (1995). Our data come from a sample of Spanish individuals in the 1995 wave of the EC Household Panel. We show that in the Spanish case, the redistribution policies considered have only little impact on the efficiency of the economy. On the contrary, they strongly affect social welfare. ; Dans cet article, on démontre le potentiel des modèles de microsimulation avec comportements dans l'évaluation ex ante des politiques publiques. Le sujet de notre analyse est l'impact sur l'efficacité et sur le bien-être des ménages, des réformes récentes de l'impôt sur les revenus implémentées en Espagne. On analyse aussi les effets de certains scénarios de réforme inspirés de la logique du revenu minimum - impôt linéaire. L'analyse est effectuée à l'aide d'un modèle de microsimulation avec réactions d'offre de travail. Au lieu de suivre l'approche traditionnelle à la Hausman (1981, 1985a, 1985b), on estime directement les paramètres de la fonction d'utilité en employant la méthodologie proposée par Van Soest (1995). Les données ont été récupérées à partir de la vague 1995 du Panel européen des ménages (ECHP). On démontre que, dans le cas espagnol, les politiques redistributives implémentées ont des effets mineurs sur l'efficacité économique, par contre, elles augmentent de façon importante le bien-être social.

In this paper, we demonstrate the potential of behavioural microsimulation models as powerful tools for the ex ante evaluation of public policies. The subject of our analysis is the impact of recent Spanish Income Tax reforms on efficiency and household and social welfare. We also analyze the likely effects of some basic income - flat tax and vital minimum - flat tax schemes. The analysis is carried out using a microsimulation model in which labour supply is explicitly taken into account. Instead of following the traditional continuous approach (Hausman 1981, 1985a, and 1985b), we estimate the direct utility function using the methodology proposed by Van Soest (1995). Our data come from a sample of Spanish individuals in the 1995 wave of the EC Household Panel. We show that in the Spanish case, the redistribution policies considered have only little impact on the efficiency of the economy. On the contrary, they strongly affect social welfare. ; Dans cet article, on démontre le potentiel des modèles de microsimulation avec comportements dans l'évaluation ex ante des politiques publiques. Le sujet de notre analyse est l'impact sur l'efficacité et sur le bien-être des ménages, des réformes récentes de l'impôt sur les revenus implémentées en Espagne. On analyse aussi les effets de certains scénarios de réforme inspirés de la logique du revenu minimum - impôt linéaire. L'analyse est effectuée à l'aide d'un modèle de microsimulation avec réactions d'offre de travail. Au lieu de suivre l'approche traditionnelle à la Hausman (1981, 1985a, 1985b), on estime directement les paramètres de la fonction d'utilité en employant la méthodologie proposée par Van Soest (1995). Les données ont été récupérées à partir de la vague 1995 du Panel européen des ménages (ECHP). On démontre que, dans le cas espagnol, les politiques redistributives implémentées ont des effets mineurs sur l'efficacité économique, par contre, elles augmentent de façon importante le bien-être social.

Abstract
The global energy mix and cost structure of the power industry are experiencing a redefinition. Many countries are revamping electricity-pricing systems to guarantee fixed-cost recovery, often by raising the fixed charge of two-part tariff schemes. However, a key assumption of two-part tariff schemes and associated fixed-cost recoveries is that consumers discriminate fixed from marginal costs. We conduct a quasi-experiment with data from a major electricity price reform recently implemented in Spain and find robust evidence indicating that consumers fail to distinguish between fixed and marginal costs. As a result, policymakers are not achieving the goal of cost recovery.

AbstractEquity and efficiency are crucial issues behind any tax reform, but they are particularly relevant in countries with high inequality and large shares of poverty. This paper provides a comprehensive socio-economic empirical assessment of Mexico's proposed (and partially implemented) tax reforms in the energy domain, and of a hypothetical partial removal of existing electricity subsidies. Using a rich household income and expenditure survey within the context of a demand system adjustment of non-durable goods, the article provides the public-revenue, environmental and distributional impacts from the simulation of different combinations of energy taxation, subsidy-removal and distributive offsets. The paper also provides detailed ex-ante evidence on the effects of compensatory devices that may contribute to the successful implementation of energy reform packages and significant poverty alleviation in Mexico.

Despite the generosity of its tax system, Spain is far from EU countries in terms of R&D spending and innovation outcomes. A policy instrument commonly used to foster firms' R&D investment are tax incentives. The use of this instrument is not generalized in firms spending on R&D, and only a fraction of firms are regular claimants. This paper investigates whether persistence in using tax credits is positively related to product innovations, beyond R&D investments. We consider that firms investing in qualified R&D and using tax credits regularly are likely to be firms aiming at innovating. By contrast, occasional tax credit users may be firms investing in R&D for different reasons, such as exploiting a business opportunity, or reducing their corporate tax burden, so that they may not prioritize innovating. Using a sample of Spanish manufacturing firms spanning 2001–2014, we first estimate persistence using a duration model accounting for firm observed and unobserved heterogeneity. Our results are consistent with negative duration dependence, indicating that the probability of ceasing in claiming tax credits decreases with the passage of time. Second, we estimate a count-data model and find that the number of product innovations positively depends on tax credit persistence only for SMEs. ; This research has received financial support from the Spanish Agencia Estatal de Investigacion and Fondo Europeo de Desarrollo Regional through projects ECO2017–86793-R (AEI/FEDER, UE), PGC2018–096316-B-I00 and PID2019–1055117RB-I00; from the Instituto de Estudios Fiscales (Ministerio de Hacienda, Gobierno de Espana) ; and, from Generalitat Valenciana, (PROMETEU/2019/095).

AbstractWe exploit a fuel tax increase in Portugal to identify its effect on cross-border fuel sales and associated carbon leakage in the Spanish border regions. Using a difference-in-difference strategy, we find that while gasoline sales remained unaffected, diesel sales in Spanish border regions increased by 6–9%. Synthetic control methods confirm these estimates and attribute this differential effect by fuel type to routes frequented by heavy-duty vehicles, with large diesel tanks. We estimate a carbon leakage equivalent to 14–20% of Portugal's annual mitigation commitment for road transport emissions. Our findings imply that heavy goods vehicles' strategic behavior undermines the potential mitigation effects and revenue gains of transport climate policy, underscoring the need for coordinated policies in similar federal or quasi-federal contexts.

AbstractWe analyze the effects of family size on food consumption. Specifically, we explore the economies of scale that emerge in families, taking advantage of a very rich panel data for Spanish consumers. We hypothesize that family public goods induce economies of scale in consumption and, consequently, larger families should have higher per capita consumption of private goods, such as food. To that end, we estimate the Quadratic Almost Ideal Demand System to derive own-price and income elasticities, which allows us to test the economies of scale conditions on food consumption. Our results show that the positive relationship between per capita food expenditure and family size holds in only 585 observations, with these families being characterized as having per capita income in the two highest centiles of the distribution. Our results should be interpreted in the context of the particular economic crises of the 1970s and 1980s, as a consequence of the economic shocks due to very high oil prices that affected Spain.