Conference Agenda

Overview and details of the sessions of this online conference.

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The last speaker of each session is the session chair. The discussant is always the following speaker, with the first speaker being the discussant of the last paper. Each paper has a 22-minutes-block in all sessions. There should be 15 minutes and no more than 18 minutes for the presenter. The discussion is then started by the discussant. Please note that the role of the discussant is different compared to previous years: The discussant has only 1-2 minutes and s/he is not allowed to give a lengthy summary of the paper together with comprehensive comments. Instead, her/his task is to raise one single question/comment and, in doing so, start the general discussion! All participants are asked to be strict in timing to allow people to change sessions during the general discussion. For a (rare) session with less papers in the session than the time slot allows, stick to the congress schedule and use 22 minutes per presentation to allow listeners to smoothly change between sessions.

Only registered participants can attend this online conference. Further information available on the congress website https://iipf2021.hi.is/ .

Please note that all times are shown in the time zone of the conference. The current conference time is: 27th Nov 2021, 02:07:29am GMT

 
 
Session Overview
Session
F05: Income Taxes and Labor
Time:
Thursday, 19/Aug/2021:
2:15pm - 3:45pm


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Presentations
2:15pm - 2:37pm

Do Taxes on the Top 1% Trickle Down? A Local Labor Markets Approach

Paul Kindsgrab

University of Michigan

This paper develops and implements an empirical test of the hypothesis that higher taxes on the rich (top 1%) trickle down and ultimately harm non-rich (bottom 99%) workers. The test examines whether the wages of bottom 99% workers in US local economies where top 1% workers account for a larger share of economic activity are more adversely affected by a tax increase for the rich. I develop a spatial equilibrium model to quantify the magnitude of trickle down effects implied by the reduced-form estimates. The results do not reveal statistically significant trickle down effects. An elasticity of bottom 99% wages with respect to the top 1% net-of-tax rate in excess of 0.066 can be rejected. The paper quantifies the implications of the estimates for optimal tax policy.

Kindsgrab-Do Taxes on the Top 1 Trickle Down A Local Labor Markets Approach-322.pdf


2:37pm - 3:00pm

Asset Bubbles In Explaining Top Income Shares

Saikat Sarkar1, Matti Tuomala2

1Mount Allison University; 2Tampere University

This paper considers the role of asset price bubbles (crashes) as an important determinant in seeking a further explanation for top income shares. The asset price bubbles caused at least in part by monetary policies, along with other determinants such as top tax rates and innovative ness are the important drivers to explain the surge in top income shares. The empirical results show that correlation between asset bubbles and top inequality is positive and significant. The regression co-efficient of stock and housing market bubbles have a positive effect on top income shares, while the stock and housing market crashes fail to reduce the surge in top income shares.

Sarkar-Asset Bubbles In Explaining Top Income Shares-167.pdf


3:00pm - 3:22pm

The Effects of Overtime Tax On Hours Worked: Evidence From France

Dora Tuda

ESRI Dublin, Trinity College Dublin, Ireland

Income from overtime work is subject to income tax in most European countries. However, the effect of higher overtime tax on hours worked has largely remained an unanswered question. This essay examines the re-introduction of French overtime tax in 2012, by comparing workers in large (treated) and small firms (control), before and after 2012. I find that overtime tax reduced actual hours worked, but increased reporting of overtime hours. The result is confirmed using synthetic control estimates for actual hours worked. On the other hand, after the reform, part-time and temporary workers increase their actual hours worked, but not overtime hours. This result suggests that firms adjusted hours of workers whose hours are more flexible, while avoiding the higher cost of overtime hours.

Tuda-The Effects of Overtime Tax On Hours Worked-110.pdf


 
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