| 000 | 02529nab a2200289 c 4500 | ||
|---|---|---|---|
| 999 |
_c146831 _d146831 |
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| 003 | ES-MaIEF | ||
| 005 | 20221128141845.0 | ||
| 007 | ta | ||
| 008 | 221128t2022 uk ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 |
_970238 _aChristl, Michael |
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| 245 | 0 |
_aReducing the income tax burden for households with children _helectrónico _ban assessment of the child tax credit reform in Austria _c Michael Christl, Silvia De Poli, Janos Varga |
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| 500 | _aResumen. | ||
| 500 | _aDisponible únicamente en formato electrónico en el Repositorio de la Biblioteca del IEF. | ||
| 520 | _aIn this paper, we analyse the impact of the implementation of a child tax credit in Austria in 2018. We combine microsimulation techniques, labour supply modelling and dynamic general equilibrium modelling to make an ex ante evaluation of the reform, accounting also for behavioural responses of individuals. We show that although the macroeconomic effect of the Austrian reform is expected to be relatively small, accounting for feedback effects on a micro-level is very important, especially when analysing socioeconomic and policy-relevant indicators, such as poverty and inequality. When focusing on the distributional implications and the impact on poverty, our analysis highlights that the first-round effects of the child tax credit substantially underestimate the increase in household income for households with children. Additionally, we find that when accounting for second-round effects, the loss in tax revenues is partly offset. The estimated self-financing effect of the reform is estimated to be about 13 per cent. Our results also indicate that part of the associated tax decrease can be potentially captured by the employer, meaning that gross wages are expected to fall slightly. Therefore, in the medium term, some households without children might suffer a small reduction in their disposable income. Overall, our analysis highlights the importance of accounting for second-round effects when analysing tax reforms ex ante. | ||
| 650 | 4 |
_aFAMILIA _944146 |
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| 650 | 4 |
_aNIÑOS _947835 |
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| 650 | 4 |
_aGASTOS FISCALES _950212 |
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| 650 | 4 |
_aUNIDAD FAMILIAR _948642 |
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| 650 | 4 |
_aREDUCCIONES TRIBUTARIAS _948221 |
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| 650 | 4 |
_aAUSTRIA _932208 |
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| 650 | 4 |
_aMODELOS DE SIMULACIÓN _947773 |
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| 700 | 1 |
_970240 _aDe Poli, Silvia |
|
| 700 | 1 |
_970241 _aVárga, Janos |
|
| 773 | 0 |
_9168513 _oOP 1472/2022/2 _tFiscal Studies _w(IEF)55561 _x 0143-5671 [papel] _g v. 43, Issue 2, June 2022, p. 151-177 |
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| 942 | _cRE | ||