Selaus nimekkeen mukaan kokoelmassa VATT Working Papers

    • Fat Tails due to Variable Renewables and Insufficient Flexibility 

      Huisman, Ronald; Kyritsis, Evangelos; Stet, Cristian
      VATT Working Papers : 134 (Valtion taloudellinen tutkimuskeskus, 10.06.2020)
      The large-scale integration of renewable energy sources requires flexibility from power markets in the sense that the latter should quickly counterbalance the renewable supply variation driven by weather conditions. Most ...
    • The Finnish payroll tax cut experiment revisited 

      Korkeamäki, Ossi
      VATT Working Papers : 22 (Valtion taloudellinen tutkimuskeskus VATT, 13.04.2011)
      In this paper I evaluate the effects of a regional experiment that reduced payroll taxes by 3–6 percentage points of the firms' wage sum in northern and eastern Finland. I estimate the effect of the payroll tax reduction ...
    • Firm Responses to an Interest Barrier: Empirical Evidence 

      Harju, Jarkko; Kauppinen, Ilpo; Ropponen, Olli
      VATT Working Papers : 90 (Valtion taloudellinen tutkimuskeskus, 27.06.2017)
      This paper studies the effects of an interest barrier that was introduced in Finland to restrict the profit-shifting opportunities of multinational enterprises (MNEs). We employ full population data of Finnish, Swedish and ...
    • Firm types, price-setting strategies, and consumption-tax incidence 

      Kosonen, Tuomas; Harju, Jarkko; Nordström Skans, Oskar
      VATT Working Papers : 70 (Valtion taloudellinen tutkimuskeskus VATT, 29.12.2015)
      Studying very detailed micro data collected around two different VAT reforms in Europe, we show that tax incidence is heavily dependent on the characteristics of the price-setting firms. The reforms generated bimodal ...
    • Fiscal policies in Europe and the United States during the Great Depression 

      Kavonius, Ilja Kristian
      VATT Working Papers : 13 (Valtion taloudellinen tutkimuskeskus VATT, 11.02.2010)
      Abstract: This paper discusses the fiscal policy reactions and economic policies of European countries and the United States during the Great Depression. Economic as well as economic history literature has tended to overlook ...
    • Gender Specific Relative Age Effects in Politics and Football 

      Tukiainen, Janne; Takalo, Tuomas; Hulkkonen, Topi
      VATT Working Papers : 94 (Valtion taloudellinen tutkimuskeskus, 05.09.2017)
      The existence of a relative age effect (RAE) is well documented, i.e., those born early in the calendar year perform better at school and sports. We exploit a change in a selection period in youth football and regression ...
    • Generic substitution policy, prices and market structure: evidence from a quasi-experiment in Finland 

      Hokkanen, Joni; Kangasharju, Aki; Linnosmaa, Ismo; Valtonen, Hannu
      VATT Working Papers : 35 (Valtion taloudellinen tutkimuskeskus VATT, 24.08.2012)
      The present paper evaluates the quantitative impact of a pharmaceutical reform on pharmaceutical prices. A generic substitution policy was introduced in Finland in 2003 to contain rising pharmaceutical expenditure. After ...
    • Global trade and climate policy scenarios – Impact on Finland 

      Honkatukia, Juha; Kaitila, Ville; Kotilainen, Markku; Niemi, Janne
      VATT Working Papers : 37 (Valtion taloudellinen tutkimuskeskus VATT, 03.09.2012)
      In this study we use the dynamic version of the GTAP model to analyse the effects of global trade policy changes and their interaction with different global climate policy regimes from Finland's point of view, and in ...
    • Granting public or private consumption? Effects of grants on local public spending and income taxes 

      Lundqvist, Heléne
      VATT Working Papers : 15 (Valtion taloudellinen tutkimuskeskus VATT, 27.09.2010)
      While the literature on how intergovernmental grants affect the budget of receiving jurisdictions is numerous, the very few studies that explicitly deal with likely endogeneity problems focus on grants targeted towards ...
    • Household heterogeneity in valuation of heating energy costs 

      Sahari, Anna
      VATT Working Papers : 141 (Valtion taloudellinen tutkimuskeskus, 16.03.2021)
      This paper studies consumer heterogeneity in the valuation of lifetime heating energy costs. The valuation is expressed as the willingness to pay higher upfront costs to obtain savings over the lifetime of the heating ...
    • Housing allowance and rents: Evidence from a stepwise subsidy scheme 

      Eerola, Essi; Lyytikäinen, Teemu
      VATT Working Papers : 88 (Valtion taloudellinen tutkimuskeskus, 31.05.2017)
      This paper studies the effect of housing allowance on rents using discontinuities in the Finnish housing allowance system as a quasi-experimental setting. The stepwise dependence of housing allowance on the floor area of ...
    • Housing transfer taxes and household mobility: Distortion on the housing or labour market? 

      Lyytikäinen, Teemu; Hilber, Christian A. L.
      VATT Working Papers : 47 (Valtion taloudellinen tutkimuskeskus VATT, 09.08.2013)
      We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. Exploiting a discontinuity in the tax schedule as a quasiexperimental setting, we isolate the impact of the stamp duty from other ...
    • How do small firms respond to tax schedule discontinuities? Evidence from South African tax registers 

      Boonzaaier, Wian; Harju, Jarkko; Matikka, Tuomas; Pirttilä, Jukka
      VATT Working Papers : 85 (Valtion taloudellinen tutkimuskeskus, 28.04.2017)
      We study the responsiveness of small and medium-sized firms to corporate income taxes using population-wide administrative data from South Africa. We find sizable bunching of firms at the corporate income thresholds where ...
    • The impact of dividend taxation on dividends and investment: New evidence based on a natural experiment 

      Kari, Seppo; Karikallio, Hanna; Pirttilä, Jukka
      VATT Working Papers : 9 (Valtion taloudellinen tutkimuskeskus VATT, 08.09.2009)
      There is a lack of clear evidence of the ways in which dividend taxation affects dividend distributions and investment and the evidence is based mainly on the behaviour of large listed companies. This paper utilises a large ...
    • The impact of school closures on student achievement - evidence from rural Finland 

      Izadi, Ramin
      VATT Working Papers : 63 (Valtion taloudellinen tutkimuskeskus VATT, 05.06.2015)
      Over the last two decades, many municipalities in Finland have attempted to cut costs by closing small schools. In particular, rural schools with low enrolment have been the target of these savings. This continuing tendency ...
    • The impact of tax incentives on the economic activity of entrepreneurs 

      Kosonen, Tuomas; Harju, Jarkko
      VATT Working Papers : 42 (Valtion taloudellinen tutkimuskeskus VATT, 10.01.2013)
      Based on existing evidence, we know little about how the taxation of small business owners affects their economic activity. This paper studies the effect of two Finnish tax reforms, in 1997 and 1998, on the effort decisions ...
    • Improving Performance Through Allocation and Competition: Evidence from a Patient Choice Reform 

      Kortelainen, Mika; Laine, Liisa T.; Lavaste, Konsta; Saxell, Tanja; Siciliani, Luigi
      VATT Working Papers : 156 (Valtion taloudellinen tutkimuskeskus, 04.10.2023)
      We study the allocative effects of enhancing consumer choice and non-price competition in markets with heterogeneous producers. We use comprehensive administrative data and a difference-in-differences design based on the ...
    • In Sickness and in Health: Job Displacement and Health. Spillovers in Couples 

      Gathmann, Christina; Huttunen, Kristiina; Jernström, Laura; Sääksvuori, Lauri; Stitzing, Robin
      VATT Working Papers : 133 (Valtion taloudellinen tutkimuskeskus, 09.06.2020)
      We study how a negative labor market shock like job loss generates health spillovers in couples. Using administrative data of all workers and firms matched to mortality and patient records, we document that male job ...
    • Incentives, Health, and Retirement: Evidence from a Finnish Pension Reform 

      Ollonqvist, Joonas; Kotakorpi, Kaisa; Laaksonen, Mikko; Martikainen, Pekka; Pirttilä, Jukka; Tarkiainen, Lasse
      VATT Working Papers : 145 (Valtion taloudellinen tutkimuskeskus, 05.07.2021)
      We analyse the effects of changes in retirement incentives on retirement behaviour, and in particular whether individuals' health status modifes the effects of retirement incentives. We study these issues in the context ...
    • Information Integration, Coordination Failures, and Quality of Prescribing 

      Böckerman, Petri; Laine, Liisa T.; Nurminen, Mikko; Saxell, Tanja
      VATT Working Papers : 135 (Valtion taloudellinen tutkimuskeskus, 26.10.2020)
      Poor information flows hamper coordination, potentially leading to suboptimal decisions in health care. We examine the effects of a nationwide policy of information integration on the quality of prescribing. We use the ...