Arbeitspapier

The response of labour taxation to changes in government debt

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general government debt and interest expenditure-to-GDP ratios. The results are robust across a range of econometric specifications and labour tax indicators.

Language
Englisch

Bibliographic citation
Series: ECB Working Paper ; No. 1307

Classification
Wirtschaft
Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
National Debt; Debt Management; Sovereign Debt
Time Allocation and Labor Supply
Subject
debt
fiscal adjustment
labour taxes

Event
Geistige Schöpfung
(who)
Holm-Hadulla, Fédéric
Leiner-Killinger, Nadine
Slavík, Michal
Event
Veröffentlichung
(who)
European Central Bank (ECB)
(where)
Frankfurt a. M.
(when)
2011

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Holm-Hadulla, Fédéric
  • Leiner-Killinger, Nadine
  • Slavík, Michal
  • European Central Bank (ECB)

Time of origin

  • 2011

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