• Matching inefficiencies, regional disparities and unemployment 

      Hynninen, Sanna-Mari; Kangasharju, Aki; Pehkonen, Jaakko
      VATT Working Papers : 4 (Valtion taloudellinen tutkimuskeskus VATT, 28.05.2009)
      In this paper we apply a stochastic frontier approach to examine how matching efficiency and regional differences in structural factors contribute to regional and aggregate unemployment. Our results suggest that there would ...
    • Modelling state dependence and feedback effects between poverty, employment and parental home emancipation among European youth 

      Ayllón, Sara
      VATT Working Papers : 10 (Valtion taloudellinen tutkimuskeskus VATT, 30.10.2009)
      Youth is one of the phases in the life-cycle when some of the most decisive life transitions take place. Entering the labour market or leaving parental home are events with important consequences for the economic well-being ...
    • More haircut after VAT cut? On the efficiency of service sector consumption taxes 

      Kosonen, Tuomas
      VATT Working Papers : 49 (Valtion taloudellinen tutkimuskeskus VATT, 26.09.2013)
      Consumption tax rates targeted at specific sectors are often reformed without empirical knowledge about the efficiency of these policies. This paper sheds light on the efficiency issue, the potential for welfare improving ...
    • Multinational firms and job tasks 

      Nilsson Hakkala, Katariina; Heyman, Fredrik; Sjöholm, Fredrik
      VATT Working Papers : 8 (Valtion taloudellinen tutkimuskeskus VATT, 22.07.2009)
      We analyze the impact of multinational and foreign ownership on the demand for job tasks and educational skills. By using Swedish matched employer-employee data, we find that both foreign and domestic multinational firms ...
    • Multinationals, Competition and Productivity Spillovers through Worker Mobility 

      Nilsson Hakkala, Katariina; Sembenelli, Alessandro
      VATT Working Papers : 54 (Valtion taloudellinen tutkimuskeskus VATT, 13.01.2014)
      Spillovers can arise when multinational firms (MNEs) train local employees who later join domestic firms, bringing with them part of the technological, marketing and managerial knowledge they have acquired. Fosfuri et al. ...
    • Non-linear dividend tax and dynamics of the firm 

      Kari, Seppo; Laitila, Jussi
      VATT Working Papers : 41 (Valtion taloudellinen tutkimuskeskus VATT, 07.12.2012)
      This paper analyses the implications of a non-linear dividend tax in a life-cycle model of the firm. In the model new firms first enter markets, then grow, financing from retained earnings and finally distribute their ...
    • A Note on the Effects of Income-Splitting under Dual Income Tax 

      Kari, Seppo; Ropponen, Olli
      VATT Working Papers : 81 (Valtion taloudellinen tutkimuskeskus VATT, 14.10.2016)
      This paper reconsiders the income-splitting rules of the Nordic dual income tax system, introduced to address the incentives to shift income between labor and capital income tax bases. These rules impute a return on equity, ...
    • A Note on the Robustness of Card and Krueger (1994) and Neumark and Wascher (2000) 

      Ropponen, Olli
      VATT Working Papers : 25 (Valtion taloudellinen tutkimuskeskus VATT, 14.06.2011)
      This note adds to the discussion originating from David Card and Alan B. Krueger (1994; CK) and David Neumark and William Wascher (2000; NW). It re-evaluates their results by using the semiparametric difference-in-differences ...
    • On the reliability of retrospective unemployment information in European household panel data 

      Kyyrä, Tomi; Wilke, Ralf A.
      VATT Working Papers : 21 (Valtion taloudellinen tutkimuskeskus VATT, 31.01.2011)
      The retrospectively recalled calendar of activities in the European Community Household Panel is a prime resource for cross country analysis of unemployment experience. We investigate the reliability of these data and find ...
    • On the role of public price information in housing markets 

      Lyytikäinen, Teemu; Eerola, Essi
      VATT Working Papers : 30 (Valtion taloudellinen tutkimuskeskus VATT, 23.04.2012)
      This paper studies the impact of increased price information on the functioning of the housing market. We first study the implications of new information for market outcomes in a theoretical framework so as to disentangle ...
    • One or Two Tiers of Local Government? – The Cost Effects of a Regional Experiment 

      Moisio, Antti; Hämäläinen, Kari
      VATT Working Papers : 65 (Valtion taloudellinen tutkimuskeskus VATT, 24.09.2015)
      This paper evaluates the cost effects of a Finnish regional self-government experiment. The experiment introduced a new intermediate tier of local administration that was given the responsibility to organize 60 per cent ...
    • The optimal tax treatment of housing capital in the neoclassical growth model 

      Eerola, Essi; Määttänen, Niku
      VATT Working Papers : 3 (Valtion taloudellinen tutkimuskeskus VATT, 30.03.2009)
      In a dynamic setting, housing capital is both an asset and a consumption good. But should it be taxed like other forms of consumption or like other forms of capital? We analyze this question by considering the taxation of ...
    • Political Representation and Effects of Municipal Mergers 

      Harjunen, Oskari; Saarimaa, Tuukka; Tukiainen, Janne
      VATT Working Papers : 98 (Valtion taloudellinen tutkimuskeskus, 18.10.2017)
      We study the effects of municipal mergers using novel geocoded data on public sector jobs, housing transactions and local politicians’ place of residence. We find that total municipal expenditures evolve in the same way ...
    • Primary Effect in Open-List Elections 

      Meriläinen, Jaakko; Tukiainen, Janne
      VATT Working Papers : 79 (Valtion taloudellinen tutkimuskeskus VATT, 07.09.2016)
      We study how political parties select political leaders. Using regression discontinuity design and data from Finnish local elections, we find that parties use vote ranks to decide upon promotions. Moreover, we show that ...
    • Public Employees as Politicians: Evidence from Close Elections 

      Hyytinen, Ari; Meriläinen, Jaakko; Saarimaa, Tuukka; Toivanen, Otto; Tukiainen, Janne
      VATT Working Papers : 78 (Valtion taloudellinen tutkimuskeskus VATT, 27.09.2016)
      We analyze the effect of municipal employees' political representation in municipal councils on local public spending. To quantify the effect, we use within-party, as-good-as random variation in close elections in the ...
    • Public Procurement versus Laissez-Faire: Evidence from Household Waste Collection 

      Meriläinen, Jaakko; Tukiainen, Janne
      VATT Working Papers : 113 (Valtion taloudellinen tutkimuskeskus, 20.12.2018)
      We document that switching from laissez-faire production to public procurement in residential waste collection in Finland reduces the number of firms active in the local market, but induces a statistically significant and ...
    • RD, investment and structural change in Finland: Is low investment a problem? 

      Berghäll, Elina
      VATT Working Papers : 6 (Valtion taloudellinen tutkimuskeskus VATT, 10.06.2009)
      Low aggregate investment in Finland has been argued to merely reflect structural change to an innovation economy, with high R&D levels adequately compensating for reduced physical investment. This paper briefly reviews the ...
    • Reconciling the evidence of Card and Krueger (1994) and Neumark and Wascher (2000) 

      Ropponen, Olli
      VATT Working Papers : 24 (Valtion taloudellinen tutkimuskeskus VATT, 29.04.2011)
      We employ the original Card and Krueger (1994) and Neumark and Wascher (2000) data together with the changes-in-changes (CIC) estimator to re-examine the evidence of the effect of minimum wages on employment. Our study ...
    • Regionalization and its effects in Finland – a regional AGE modelling analysis 

      Honkatukia, Juha; Kinnunen, Jouko; Ahokas, Jussi; Simola, Antti; Tamminen, Saara
      VATT Working Papers : 45 (VATT Institute for Economic ResearchValtion taloudellinen tutkimuskeskus VATT, 10.04.2013)
      Regional structural change is currently among the greatest challenges facing the public sector in many EU countries. In countries like Finland, where the public sectors have a large role in providing educational, health ...
    • Restaurant VAT cut: Cheaper meal and more service? 

      Kosonen, Tuomas; Harju, Jarkko
      VATT Working Papers : 52 (Valtion taloudellinen tutkimuskeskus VATT, 09.10.2013)
      This paper provides causally plausible estimates of the effects of consumption taxes in a service sector on prices and demand for restaurant services. We utilize a large VAT reform affecting restaurant meals, where the VAT ...