Selaus julkaisuajan mukaan kokoelmassa VATT Working Papers

    • 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 ...
    • 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 ...
    • 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 ...
    • To work or not to work? The effct of child-care subsidies on the labour supply of parents 

      Kosonen, Tuomas
      VATT Working Papers : 23 (Valtion taloudellinen tutkimuskeskus VATT, 29.04.2011)
      This paper studies the effect of child-care subsidies on maternal labour supply. In the Finnish child-care system, parents taking care of their children at home receive a relatively generous home-care allowance. I use ...
    • 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 ...
    • Tax competition among local governments: evidence from a property tax reform in Finland 

      Lyytikäinen, Teemu
      VATT Working Papers : 26 (Valtion taloudellinen tutkimuskeskus VATT, 31.08.2011)
      This paper uses a Finnish policy intervention to study tax competition among local governments. Changes in the statutory lower limits to the property tax rates are used as a source of exogenous variation to estimate the ...
    • Dividend taxes and decisions of MNEs: Evidence from a Finnish tax reform 

      Kari, Seppo; Harju, Jarkko
      VATT Working Papers : 27 (Valtion taloudellinen tutkimuskeskus VATT, 12.10.2011)
      We explore how a firm-level tax on redistributed foreign profits affects the choices of a multinational enterprise (MNE) using evidence from a recent tax reform in Finland. The so-called equalization tax (EQT) used to be ...
    • The Effect of Job Displacement on Couples' Fertility Decisions 

      Huttunen, Kristiina; Kellokumpu, Jenni
      VATT Working Papers : 29 (Valtion taloudellinen tutkimuskeskus VATT, 22.03.2012)
      This paper analyzes the effects of job displacement on fertility using Finnish longitudinal employer-employee data (FLEED) matched to birth records. We distinguish between male and female job losses. We focus on couples ...
    • Informational Efficiency of the EU ETS market – a study of price predictability and profitable trading 

      Aatola, Piia; Ollikka, Kimmo; Ollikainen, Markku
      VATT Working Papers : 28 (Valtion taloudellinen tutkimuskeskus VATT, 22.03.2012)
      We study the informational efficiency of the European Emissions Trading Scheme, EU ETS market by simulating the trading in this emerging market. If the market is efficient, profitable trading should only exist locally in ...
    • 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 ...
    • Dimensions of health care system quality in Finland 

      Pääkkönen, Jenni; Seppälä, Timo
      VATT Working Papers : 31 (Valtion taloudellinen tutkimuskeskus VATT, 28.05.2012)
      This paper evaluates the determinants of quality - cost relationship in primary health care. We first summarize information from various indicators of care by principal component analysis (PCA), effectively producing quality ...
    • Voluntary pension savings and tax incentives: Evidence from Finland 

      Harju, Jarkko
      VATT Working Papers : 33 (Valtion taloudellinen tutkimuskeskus VATT, 25.06.2012)
      This paper studies empirically savers' behavioral responses to the Finnish tax reform of 2005 by using comprehensive panel data. The tax schedule of voluntary pension savings changed from progressive to proportional, ...
    • Variation in price and substitution elasticities between sectors – A microdata analysis 

      Tamminen, Saara; Tuomaala, Eljas
      VATT Working Papers : 34 (Valtion taloudellinen tutkimuskeskus VATT, 03.07.2012)
      The purpose of this study is to determine the substitution and price elasticities of different production inputs in numerous sectors in order to reveal how much these elasticities vary between sectors. These elasticities ...
    • Company heterogeneity and mark-up variability 

      Tamminen, Saara; Chang, Han-Hsin
      VATT Working Papers : 32 (Valtion taloudellinen tutkimuskeskus VATT, 03.07.2012)
      Mark-ups are often assumed to be constant for all firms within a sector in theoretical models. This paper reflects empirically on the distributions of companies mark-ups in order to test this assumption. We use exhaustive, ...
    • 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 ...
    • Do homeowners benefit urban neighborhoods? Evidence from housing prices 

      Saarimaa, Tuukka; Kortelainen, Mika
      VATT Working Papers : 36 (Valtion taloudellinen tutkimuskeskus VATT, 03.09.2012)
      Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax treatment of owner-occupied housing on economic efficiency and growth are large and well documented in ...
    • 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 ...
    • The estimation of LES demand elasticities for CGE models 

      Jussila, Mira; Tamminen, Saara; Kinnunen, Jouko
      VATT Working Papers : 39 (Valtion taloudellinen tutkimuskeskus VATT, 20.09.2012)
      Computable general equilibrium (CGE) models require external parameters for proper estimations and can be relatively sensitive to the elasticity estimates used in them. We estimate LES demand elasticities and Frisch ...
    • Evaluating greening farm policies: A structural model for assessing agri-environmental subsidies 

      Laukkanen, Marita; Nauges, Céline
      VATT Working Papers : 40 (Valtion taloudellinen tutkimuskeskus VATT, 04.11.2012)
      One quarter of the agricultural area in the European Union is registered in agrienvironmental programs. Despite the prevalence of such programs and increasing demands for environmental quality in the European Union, ex-post ...
    • 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 ...