Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?

by Mikkel Barslund, Lars Ludolph
June, 2017

This paper argues that none of the secular trends that have driven down real interest rates over the past two decades is likely to reverse in the near future. Thus, real rates can be expected to remain low and government debt-servicing costs to decrease further over the coming years. Based on these findings, the authors … Continued

Facing the future: tackling post-Brexit labour and skills shortages

by H. Rolfe, G. Davies
June, 2017

Alongside access to the singlemarket, EU immigration policy is arguably the most important issue facing employers and policymakers resulting from the UK’s decision to leave the European Union. At the time of publication, shortly after the General Election result and with a hung parliament in place, the terms of the UK’s exit from the EU … Continued

Unemployment Exits Before and During the Crisis

by Amparo Nagore Garcia, Arthur van Soest
June, 2017

Using administrative data from Spain, we compare the pattern and the determinants of individual unemployment durations and the stability of jobs found after unemployment before and during the recent crisis. We find particularly strong effects of the crisis on the hazards in the beginning of the unemployment spell. The groups hit hardest by the crisis … Continued

Income distribution in Ireland: through recession, towards recovery

by Tim Callan, Mark Regan, Michael Savage, John R Walsh
June, 2017

This paper examines income inequality in Ireland during the recession and the initial recovery.

The Elasticity of Taxable Income for the Self-Employed: Heterogeneity across Reforms and Income Levels

by Nicole Bosch, Henk-Wim de Boer
June, 2017

This paper studies the causal relation between effective marginal tax rates for the self-employed and their taxable income using panel data for the period 1999-2012. This period contains three tax reforms that we use to identify the elasticity of taxable income (ETI). We estimate an ETI of 0.3 for the self-employed. Individuals respond stronger to … Continued

Regional Inequality in Household Incomes in the UK: A Closer Look

by Andrew Aitken, Monique Ebell, Lea Samek
May, 2017

Gross Domestic Household Income (GDHI) is a measure of the income individuals in the household sector have available to invest or spend. GDHI measures household incomes after taxes, transfers and pension contributions and after accounting for expenses related to income generated (for example, interest on mortgages and other loans is deducted). To compare areas of different size, … Continued