Pigou's Dividend Versus Ramsey's Dividend in the Double Dividend Literature
نویسندگان
چکیده
منابع مشابه
On the Double Dividend of Environmental Taxation
An income tax is equivalent to a uniform tax on all expenditures, including expenditures on commodity tax payments. This will compound the tax being applied to any taxed commodity. In the presence of an income tax, therefore, any expenditure tax (including a pollution tax) will produce a higher effective tax than its nominal tax rate would suggest. For example, a nominal Pigouvian tax applied t...
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One of the reasons for tightly regulating apprenticeships was to prevent companies from hiring cheap labour under the guise of an apprenticeship programme. A simpler set of provisions to streamline regulation and incentivize corporates while protecting the interest and well-being of apprentices may now be needed. How can it be made to work? The rules and regulations overseeing apprenticeships n...
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The most relevant practical impediment to an application of the Markowitz portfolio selection approach is the problem of estimating return moments, in particular return expectations. We analyze the consequences of using return estimates implied by analysts’ dividend forecasts under the explicit notion of taxes and non-flat term structures of interest rates and achieve quite good performance res...
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The relative predictability of returns and dividends is a central issue because it forms the paradigm to interpret asset price variation. A little studied question is how dividend smoothing, as a choice of corporate policy, affects predictability. We show that even if dividends are supposed to be predictable without smoothing, dividend smoothing can bury this predictability. Because aggregate d...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.885280