Does underground economy respond symmetrically to tax changes? Evidence from Greece

Tax Shocks , Sunspots and Tax Evasion §

This paper shows that an increase in corporate/labor/income tax rates may push an economy with tax evasion into an expansionary pattern, under increasing returns to scale. These effects would be reversed when the steady state is saddle-path stable. This model does not undertake a full identification. The interesting feature of our results is that fiscal policy in an economy with a significant u...

Underground Economy And Tax Gap

The underground economy in the Czech Republic: dynamic general equilibrium modeling and policy analysis

This paper studies the issue of tax evasion in the context of the underground economy. A dynamic general equilibrium model is built where individual households and entrepreneurs decide rationally whether to go underground and under-report their earnings. These behaviors affect tax revenues, which are used to finance productive public services. This model is applied to the Czech Republic, becaus...

Size and causes of the underground economy in Spain: A correction of the record and new evidence from the MCDR approach

We review existing estimates of the size of the Spanish underground economy, apply the Ahumada et al. (2007, RIW) correction procedure to some of them and calculate the size of the underground economy in Spain for the period 1960 through 2009 by using the modified-cash-deposits-ratio (MCDR) approach recently developed by Pickhardt and Sardà (2011, EJLE). We then extend the MCDR approach with re...

اثر تورم بر بیمه‌های عمر و راهکارهای خنثی سازی آن

در این تحقیق به بررسی علت عدم رشد کافی بیمه‌های عمر از دیدگاه عوامل موثر بر تقاضا (به ویژه تورم) پرداخته شده ودر ادامه راه کارهای جایگزینی سرمایه بیمه‌های عمر مورد ارزیابی قرار گرفته است. پس از تدوین الگوی تقاضا و برآورد مدل، طبق آمار و اطلاعات مربوط به دوره 1388- 1355 مشخص شد که در ایران، تقاضای بیمه‌های عمر با تورم انتظاری رابطه معنی دار و منفی وبا سطح درآمد سرانه و درصد باسوادی و جمعیت رابطه...