Essays on public finance

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Essays on public finance

Popis výsledku v původním jazyce

This dissertation analyzes two presently widely discussed topics in Public Finance: relationship between the shadow economy and tax policy, and the effect of financial transaction taxes on the functioning of financial markets. The first chapter describes presently used estimators of the size of the shadow economy, with a focus on microeconomic estimators. The second chapter develops an estimator of unreported income that relaxes some of these strict assumptions. Assuming only that tax-evading households have a higher consumption-income gap than non-evaders in surveys, an endogenous switching model with unknown sample separation enables the estimation of both the probability of hiding income and the expected amount of unreported income for each household. In the third chapter we analyze the tax evasion response to the introduction of the flat tax in several transition economies. Using the estimator from the previous chapter, we show that in majority of studied countries there was no discernible effect of the flat tax reform on the size of the shadow economy. The fourth chapter focuses on financial transaction taxes (FTTs), which have returned to spotlight since the recent economic crisis as a possible means to offset negative risk externalities.

Název v anglickém jazyce

Essays on public finance

Popis výsledku anglicky

This dissertation analyzes two presently widely discussed topics in Public Finance: relationship between the shadow economy and tax policy, and the effect of financial transaction taxes on the functioning of financial markets. The first chapter describes presently used estimators of the size of the shadow economy, with a focus on microeconomic estimators. The second chapter develops an estimator of unreported income that relaxes some of these strict assumptions. Assuming only that tax-evading households have a higher consumption-income gap than non-evaders in surveys, an endogenous switching model with unknown sample separation enables the estimation of both the probability of hiding income and the expected amount of unreported income for each household. In the third chapter we analyze the tax evasion response to the introduction of the flat tax in several transition economies. Using the estimator from the previous chapter, we show that in majority of studied countries there was no discernible effect of the flat tax reform on the size of the shadow economy. The fourth chapter focuses on financial transaction taxes (FTTs), which have returned to spotlight since the recent economic crisis as a possible means to offset negative risk externalities.

Druh

O - Ostatní výsledky

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů