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What Lies Behind the Unprecedented Increase in Income Inequality in Finland During the 1990's
This study uses a decomposition analysis of income inequality by income groups and income sources to understand and explain the inequality increase in Finland during the 1990\'s. Several conclusions can be drawn from our ...
General Equilibrium Elaboration of the Classical Model of Migration
The classic type of analysis of inter-regional migration is derived from the traditional trade doctrine, expressed in terms of labour markets. The approach is here given a general equilibrium elaboration by including ...
Fiscal consequences of greater openness: from tax avoidance and tax arbitrage to revenue growth
Revenue from corporation tax and taxes on capital income, net of revenue loss from deductibility of interest, as a percentage of the GDP has tripled in Finland over the past two decades. This is argued to result from greater ...
WHEN IS MONEY NEUTRAL UNDER FLEXIBLE EXCHANGE RATES?
(Tampereen yliopisto, 2008)
The paper studies the conditions for the neutrality of money under flexible exchange rates in an extended real-wage Mundell-Fleming model, with special emphasis on the specification of the behavior functions to correspond ...
Content, Advertising, and Circulation in an Optimizing Model of the Media Firm
(Tampereen yliopisto, 2003)
The paper determines the effects of different influencing variables on the media company’s optimal subscription and advertising prices and editorial content. The company maximizes profit consisting of subscription and ...
Väestön keskittymisestä keskittymissyklin huipulla, vv. 1975 -2000
Entrepreneur's Choice of Tax Base: Earned or Capital Income
(Tampereen yliopisto, 2002)
The determination of the entrepreneur’s tax burden in the dual income tax system is studied. The dual system taxes income from capital at a flat rate, but earned income at progressive rates. The media view claims the ...
Efficiency of Local Policy Programmes under Free Migration
A Neo-Keynesian macroeconomic model is constructed to examine the efficiency of a local tax-transfer programme under free migration. An application of the Adaptive Expectations Hypothesis is used todescribe people’s ...
Effects of Fiscal Policy under Free Factor Migration
The effects of fiscal policy are examined in a neo-Keynesian macroeconomic model under perfect factor mobility. The key finding is that, even in the classical regime of the model, fiscal policy may have real effects: a ...
Board Independence and Asymmetric Timeliness of Earnings in a Bank-oriented Financial System: Evidence from Finland
(Tampereen yliopisto, 2009)
This study examines the link between the board independence and asymmetric timeliness of earnings in a bank-oriented financial system. The models by Basu (1997) and Ball & Shivakumar (2005) are re-estimated. This study ...